Atlas Air and Southern Air Prevail in Dismissing U.S. District Court Actions Brought by Teamsters Pilot Union
January 28 2020 - 06:41PM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today confirmed
that Atlas Air, Inc. and Southern Air, Inc. have prevailed in
dismissing two legal actions brought by their pilot union, the
International Brotherhood of Teamsters. The union filed these
lawsuits last summer, seeking to vacate the management grievance
decisions issued in favor of the companies by arbitrators Richard
Bloch and George Nicolau, respectively.
“With these rulings, we have a clear and timely
path forward to delivering the updated contract that our pilots
deserve. This is good news for our pilots,” said John W. Dietrich,
President and Chief Executive Officer, Atlas Air Worldwide. “We
remain committed to working collaboratively with union leaders to
efficiently negotiate and complete the contract.”
The decisions rendered by the U.S. District
Court for the District of Columbia upheld the companies’ position
that the merger provisions in both the Atlas Air and Southern Air
collective bargaining agreements apply. The merger provisions
provide for a defined period of bargaining followed by binding
interest arbitration for any unresolved issues.
With these court rulings now rendered, the union
is required to promptly provide the companies with an integrated
seniority list of pilots, which will enable negotiations to proceed
more expeditiously in reaching a new, competitive pilot
contract.
For more information about the contract
negotiations process and updates, please visit AtlasAir5YPilots.com
and follow @AtlasAir5Y on Twitter.
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, 757 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: Dan Loh (Investors) – (914)
701-8200 Debbie Coffey (Media) – (914) 701-8951
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