Pension Agency Rejects United’s Reorganization
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From Reuters
The government agency that insures corporate pensions has objected to United Airlines’ reorganization, asserting in court documents that the carrier has changed a deal covering the termination of its pension plans.
The Pension Benefit Guaranty Corp said the airline’s disclosure statement, which detailed its financial model, was “unconfirmable” as is.
United said the airline worked closely with its creditors and the agency throughout restructuring and would continue to do so.
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