Federal Court Decision Provides Clear Path for Completing Contract Negotiations for Atlas Air and Southern Air Pilots
April 02 2020 - 9:00AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) confirmed that
Tuesday, the federal district court in Washington D.C. ruled that
the arbitration awards issued in favor of Atlas Air, Inc. and
Southern Air, Inc. last summer are binding and
enforceable. The court also directed the pilot union,
the International Brotherhood of Teamsters, to provide the
companies with an Integrated Seniority List by May 15, 2020,
followed by joint collective bargaining for a finite period, with
unresolved issues, if any, decided by binding arbitration.
The company said it is particularly grateful for
the union’s strong collaboration in working to ensure the health
and wellbeing of our crews operating during this coronavirus
situation, and remains focused on working with the union leaders to
negotiate the new joint contract.
“I want to thank all of our employees for their
extraordinary commitment and service during these unprecedented
times. Together as a team, we are supporting the efforts of
companies and agencies across the public and private sectors to
deliver life-saving supplies to where they are needed the
most. Our pilots play a critical role in the global fight
against coronavirus, and we are grateful for their ongoing
dedication,” said John W. Dietrich, President and Chief Executive
Officer, Atlas Air Worldwide.
“Despite the challenges of this global epidemic,
we remain focused on completing an updated contract for our
pilots. With respect to negotiations, we continue to meet
regularly with union representatives and are making meaningful
progress,” Mr. Dietrich said.
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 the
broadest array of Boeing 747, 777, 767 and 737 aircraft for
domestic, regional and international cargo and passenger
operations.
Atlas Air Worldwide’s press releases, SEC
filings and other information may be accessed through the company’s
home page, www.atlasairworldwide.com.
Contacts: |
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Debora Coffey (Media) – (914) 701-8951Eric Camadeco (Investors) –
(914) 701-8926 |
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