DALLAS (AP) - The federal pension-insurance agency is increasing
pressure on American Airlines to save its retirement plans instead
of dumping its pension obligations.
The Pension Benefit Guaranty Corp. said Tuesday it filed liens
totaling $91 million against some assets of the airline's parent
company, AMR Corp., which filed for bankruptcy protection in
November.
Last week, AMR paid only $6.5 million of a scheduled payment of
nearly $100 million for its pension plans.
AMR and its lawyers have raised the possibility that the company
might freeze or terminate retirement plans that cover about 130,000
employees and retirees. The company could make its intentions clear
on Wednesday, when it presents new contract proposals to its
unions.
