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|Pension Agency Wary of UAL Deal: $550 Million Note Offered in Trade for Pilots' Plan|
The Washington Post; subscription may be required
Dec. 20, 2004
Excerpt: United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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