Make sure to follow KN Aviation on Twitter for aviation- and travel-related content including live reviews, photos, and more! By that time, three other major U.S. airlines Delta Air Lines, United Airlines, and US Airways had already filed for bankruptcy protection. The company said it planned to forgo . Issues were further compounded by the tragic 9/11 terrorist attacks, which caused customer demand for air travel to plummet. However, by the turn of the millennium, Northwest faced new challenges that forced it to file for bankruptcy protection in 2005. Lewis also retired four years earlier than he had planned, in order to save his lump sum pension benefit, also $1.2 million. If our laws were able to look long-term, and airlines had been more confident in their ability to survive through to better times, they might have been able to just skimp through those tough years. Very interesting read you have given us about Northwest Airlines. The September 11, 2001 terrorist attacks caused the company to reduce its. The aviation industry Northwest Airlines was faced with as it emerged from bankruptcy was one of high fuel costs and many competitorsnot unlike the environment which had contributed to its bankruptcy filing in the first place. Northwest Airlines Pension Plan for Salaried Employees (Salaried Plan), the Northwest Airlines Pension Plan for Pilot Employees (Pilot Plan), and the Northwest Airlines Pension Plan for Contract Employees (Contract Plan) (Collectively, the Plans), Located in Eagan, MN A Notice by the Employee Benefits Security Administration on 08/19/2003 St. Paul, Minn. Northwest Airlines' move to bankruptcy court came as unsettling news for Linda Harris of Niceville, Florida, a former Northwest flight attendant. 2023 Endeavor Business Media, LLC. A federal judge has denied dismissal of a lawsuit in which five former employees of Delta Air Lines allege Delta and its administrative committee improperly reduced their pension benefits from the Northwest Airlines Pension Plan for Contract Employees. The pension bill is now being completed in a House-Senate conference committee. In fact, about 15,200 active United employees live in California. the 5500 for PYE 9.30.09, all 61 pages. When Northwest Airlines and Delta Air Lines merged in 2008, they created the worlds largest airline, and one that to this date still ranks as the largest in several metrics including assets owned and market capitalization.

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