Atlas Air Worldwide Reaches Tentative Agreement With Dispatchers
April 06 2017 - 1:00PM
Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW), today announced
it reached a tentative agreement with the International Brotherhood
of Teamsters (IBT) Local 210 which represents the Dispatchers of
its subsidiaries, Atlas Air, Inc. and Polar Air Cargo Worldwide,
Inc.
The proposed four-year extension agreement
follows an initial five-year contract that was ratified in 2012.
The tentative agreement includes pay increases, as well as benefits
associated with the Dispatcher’s relocation to the Cincinnati
Operating Hub. Details of the proposed agreement will be made
available to Dispatch employees it covers by IBT Local 210.
“We are pleased to have reached this tentative
agreement that offers highly competitive pay increases as well as
favorable moving allowances for our valued Dispatchers. It
also extends a solid contract that continues to serve us all very
well,” said John Dietrich, Executive Vice President and Chief
Operating Officer of Atlas Air Worldwide.
“We appreciate the IBT leadership and
negotiating committee’s hard work, time and effort during this
process. We thank them for their genuine interest in reaching this
tentative agreement on behalf of the exemplary professionals they
represent.”
The company’s Dispatchers are responsible for
planning, dispatching, and oversight of all Atlas and Polar
aircraft during flight.
About Atlas Air
Worldwide:
Atlas Air Worldwide is a leading global provider
of outsourced aircraft and aviation operating services. It is the
parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and
Titan Aviation Holdings, Inc., and is the majority shareholder of
Polar Air Cargo Worldwide, Inc. Our companies operate the world's
largest fleet of 747 freighter aircraft and provide customers a
broad array of Boeing 747, 777, 767, 757 and 737 aircraft for
domestic, regional and international applications.
Atlas Air Worldwide’s press releases, SEC
filings and other information may be accessed through the company’s
home page, www.atlasair.com.
Contacts: Bonnie Rodney (Media) – (914) 701-8580
Dan Loh (Investors) – (914) 701-8200
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