NOT AA
but still pertinent.. since AA is 10 billion in the hole for its pension funds..
Quote:
The union said it was doing its due diligence and understood the seriousness of the pension shortfall.
"The current deficit - under normal funding requirements - has reached a level that threatens Air Canada's survival," the union said in a statement.
Air Canada's pension deficit stood at CAD$4.2 billion (USD$4.27 billion) as of January 1, largely because of extraordinarily low interest rates, and is widely viewed as an existential threat if the company were forced to fund the plan under normal rules.
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