NEW YORK (Reuters) - Bankrupt Delta Air Lines Inc. (DALRQ.PK) has offered pilots a $300 million payment in the event it terminates their pension plan during the latest round of contract talks, the Wall Street Journal reported on Friday, citing people familiar with the matter.þþDelta has not decided whether it will cut its $1.89 billion pilot pension plan, the report said. But it offered a provision that would give the union a $300 million interest-bearing note if it should do so, the Journal reported.þþThe airline also lowered the amount of concessions it seeks from pilots to $315 million a year from the previous demand of $325 million, the report said.þþDelta's pilots' union has taken steps toward a possible strike over the potential cut to its pension plan and other contract issues.þþDelta officials were not immediately available for comment.þþ
Source: NY Times
