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TULSA, Okla. — Two companies are now studying the possibility for the takeover of Tulsa’s largest private employer. American Airlines’ parent company AMR filed for bankruptcy in November, with plans to reorganize. Now the Wall Street Journal reports Delta Airlines and TPG Capital are each looking at the possibility of making bids in bankruptcy court....
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United Airlines Filed for bankruptcy: Dec. 9, 2002 Length of time in bankruptcy: 38 months Capacity changes: 20 percent fewer airplanes; trimmed capacity by 8 percent Job cuts: 30 percent fewer employees, about 58,000 Wage/benefit cuts: Terminated defined-benefit pensions; average pay for pilots, mechanics and ground workers dropped about 35 percent; flight attendants’ average...
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According to a memo released by the Air Line Pilots Association (ALPA), Delta wants to cut an unspecified number of pilot jobs through a program that would give pilots an incentive to retire. Under the terms of the proposal, active pilots who have met certain age and length-of-service metrics would be eligible to participate...
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