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

"We don't believe that a company that has $2 billion in cash and over $5 billion in assets should be terminating pension plans. We don't think the PBGC (Pension Benefit Guaranty Corporation) was established to pay pensions for companies with those kinds of assets."

Source: Machinists Vice President Robert Roach, Jr. in an interview with the Rocky Mountain News about the possibility that the Bush administration might intervene with legislation that would stop United Airlines from dumping its four major pension plans. United has threatened to kill the funds as part of its attempt to emerge from bankruptcy protection.

FMI: www.united.com