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This enormous deal is the latest in a series of pension risk transfers due to the market environment and PBGC pricing trends.
Company is closing the plan, which covers about 70,000 employees, to reduce costs.
Some of airline's enhanced equipment trust certificates pay just 4%.
A decision could be announced early next month, sources say.
Group says its support for a standalone airline post-bankruptcy depends on new directors.
Delays, loose seats could force airline to tap bankruptcy cash fund.