American Airlines Pilots Ratify Labor Deal

Law360, New York (December 7, 2012, 6:32 PM EST) -- American Airlines Inc. pilots on Friday voted to approve a new collective bargaining agreement, a move that heads off threatened litigation with bankrupt parent company AMR Corp.

Members of the Allied Pilots Association, American Airlines' pilot union, voted 74 percent in favor of accepting a new six-year contract that will freeze pilots' defined-benefit pension but provide them a 13.5 percent equity stake in the airline when it emerges from bankruptcy.

The ratification of the deal should augur peace in the courtroom between labor and management. The...
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