ATLANTA AP – The government’s pension insurer has sold nearly 12 percent of the stake in Delta Air Lines Inc. that it received as compensation for the massive liability it assumed when the carrier terminated its pilots pension plan while reorganizing under bankruptcy protection.
The Pension Benefit Guaranty Corp. received $106.2 million from the 14 stock sales in February, which reduced the stake it received in Delta from 49,484,950 shares to 43,567,017 shares, according to an analysis of regulatory filings made last week.
