ANN Cancels Pension Plan | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Sat, Apr 01, 2006

ANN Cancels Pension Plan

Massive Liability Threatens Solvency of PBGC

04.01.06 'Special' Edition: In a prepared statement issued last night after the financial markets closed, Aero-News Editor in Chief Jim Campbell announced that the high-flying aviation news service would default on future pension liabilities. The quasi-governmental Pension Benefits Guaranty Corp. will take over the unfunded portion, leaving taxpayers potentially on the hook for millions of missing dollars -- or dozens, at least.

"It doesn't sound like much, but if the airlines got away with it, why shouldn't they?" said PBGC spokesman P. Ledger Nightshade.

"But have you ever heard of the straw that broke the camel's back? Sure, it's no United Air Lines, but every bit adds up."

Mr. Campbell, and his all-female entourage, were traveling in Tahiti and were not available for comment.

FMI: www.aero-news.net

Advertisement

More News

Airborne-Flight Training 05.09.24: ERAU at AIAA, LIFT Diamond Buy, Epic A&P

Also: Vertical Flight Society, NBAA Maintenance Conference, GA Honored, AMT Scholarship For the first time, students from Embry-Riddle’s Daytona Beach, Florida, campus took t>[...]

ANN's Daily Aero-Term (05.07.24): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

NTSB Final Report: Cessna 150

(FAA) Inspector Observed That Both Fuel Tanks Were Intact And That Only A Minimal Amount Of Fuel Remained In Each Analysis: According to the pilot, approximately 8 miles from the d>[...]

Aero-News: Quote of the Day (05.08.24)

“Pyka’s Pelican Cargo is unlike any other UAS solution on the market for contested logistics. We assessed a number of leading capabilities and concluded that the Pelica>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC