Southern Air Prevails Against Pilot Union In Labor Arbitration
June 13 2019 - 3:20PM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today confirmed
that its subsidiary, Southern Air, Inc., has prevailed in an
important arbitration against the union that represents Southern
Air’s pilots, the Airline Professionals Association, Teamsters
Local 1224.
The June 12, 2019, arbitration decision orders
the union to promptly proceed with contractually required
negotiations for a new joint collective bargaining agreement (JCBA)
in connection with the merger of Southern Air and Atlas Air, Inc.
While union leaders have extensively said publicly that the company
has delayed negotiations, the decision states that:
“We can conclude with some certainty, however,
that there has been a delay inspired by the Union’s misapprehension
of the contractual requirements and that they must now respond
vigorously to the Company’s request to proceed.”
This is a positive step in the company’s goal of
completing a new JCBA that increases pay for Southern Air and Atlas
Air pilots as soon as possible.
“Had the union leaders honored their contractual
commitments when we announced the merger back in 2016, Southern Air
and Atlas Air pilots would have already had their new contract –
and a pay increase – by now,” said Atlas Air Worldwide President
and Chief Executive Officer William J. Flynn. “We hope the union
will agree that it is time to end unnecessary delays and make
progress for our pilots.
“We value the dedication of our crews, and we
look forward to further recognize their significant contributions
to the development and growth of our business. We are committed to
working with the union for a JCBA that enhances overall pay and
benefits for our more than 2,000 Southern Air and Atlas Air
pilots.”
For more information about the arbitration
decision, the contract negotiations process and future 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: Debbie Coffey (Media) – (914) 701-8951
Dan Loh (Investors) – (914) 701-8200
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