50 SKY SHADES - World aviation news

United Pilots To Get 13 Percent Pay Hikes in 2016 if They Approve Contract

Download: Printable PDF Date: 28 Dec 2015 09:46 (UTC) category:
United Pilots To Get 13 Percent Pay Hikes in 2016 if They Approve Contract - Airlines publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes Airline: United
Source: Bloomberg

United Continental Holdings Inc. rose the most in two weeks after pilot leaders agreed to send a proposed contract extension to union members for approval.

Ratification by rank-and-file aviators would help labor peace with a crucial work group at United Airlines. Executives are still seeking to unify employees more than five years after the carrier was created in a merger between former United parent UAL Corp. and Continental Airlines Inc.

The Air Line Pilots Association’s United master executive council agreed 13-7 to submit the accord to a membership vote, according to a union memo. The deal calls for a 13 percent pay raise in 2016, followed by annual boosts of 3 percent and 2 percent, people familiar with the matter said last month after United announced an “agreement in principle.” If approved, it would run through 2019 and cover more than 12,000 United pilots.

United gained 3 percent to $60.10 at 11:04 a.m. in New York. The shares rallied as much as 3.6 percent, the biggest intraday advance since Dec. 10.

Loading comments for United Pilots To Get 13 Percent Pay Hikes in 2016 if They Approve Contract...


Riga Airport has finished the construction of the second rapid-exit taxiway and the reconstruction of a part of the runway

The second rapid-exit taxiway, built with the support of the Cohesion Fund, has been put into operation at Riga Airport. The renovation of a part of the runway at the Airport's own expense has als...

Piper Aircraft is now offering AeroMech RVSM on M500/M600 aircraft

Piper Aircraft is now offering Reduced Vertical Separation Minimum (RVSM) certification as a factory option on the Piper M500 and M600 turboprop aircraft. The RVSM STC was approved by AeroMech&rs...

MTU Maintenance delivers 500th CF34-10E engine to Kenya Airways

MTU Maintenance, global leader in customized aero engine solutions handed over its of 500th overhauled CF34-10E to valued customer Kenya Airways in a virtual ceremony yesterday. MTU Maintenance h...

Around Half of airBaltic employees are vaccinated, New flights to Pisa, Valencia and Kos

airBaltic informs that during three days of vaccination 410 employees of the company have used the opportunity to receive their first dose of Covid-19 vaccine next to more employees who have alre...