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Fri, Jan 20, 2012

Aero-News: Quote Of The Day (01.20.12)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"American has more than $4 billion in cash; some of that money should already have been paid into its pension plans.  However, Congress, hoping to preserve plans, allowed American to defer the payments.  It would be a tragedy if American repaid Congress's generosity by turning around and killing the plans anyway." Source: Pension Benefit Guaranty Corporation Director Josh Gotbaum.

FMI: www.pbgc.gov

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