NewsDecember 18, 2004
Business digest 12/18/04
United pilots accept pension deal, pay cuts CHICAGO -- Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company's elimination of traditional pensions under a tentative contract agreement made public Friday. The pilots' union approved the proposed five-year contract Thursday, hoping to help lift the airline out of bankruptcy...
United pilots accept pension deal, pay cuts
CHICAGO -- Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company's elimination of traditional pensions under a tentative contract agreement made public Friday. The pilots' union approved the proposed five-year contract Thursday, hoping to help lift the airline out of bankruptcy.
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Boeing targets Asia with new 7E7 passenger jet
SINGAPORE -- Boeing Co. plans to target Asia as a market for its new 7E7 Dreamliner passenger jet and expects to finalize sales of about 200 7E7s by the end of this year, a top company official said Friday. Boeing has made proposals to about 30 airlines to sell more than 600 7E7 Dreamliners.
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