American Airlines' DB Plans Up In Air After Bankruptcy Filing
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American Airlines’ DB Plans Up In Air After Bankruptcy Filing
By Barry B. Burr
AMR Corp.’s filing for Chapter 11 bankruptcy protection leaves the future uncertain for American Airlines’ defined benefit pension plans, which have a combined $8.3 billion in assets.
AMR’s Tuesday filing in U.S. Bankruptcy Court in New York provides no information about whether the Fort Worth, Texas-based parent of American Airlines will seek to terminate the pension plans and turn them over to the PBGC.