AA Pilots See $522M Silver Lining In Eyed US Air Merger

Law360, New York (January 15, 2013, 5:27 PM EST) -- Labor contracts for American Airlines Inc. pilots could be increased by $522 million over six years if the airline consummates a potential merger with U.S. Airways Group Inc. that could be AA's ticket out of bankruptcy, the airlines’ pilot unions said Tuesday.

The Allied Pilots Association, which represents the AA pilots, and US Airline Pilots Association, released a joint statement outlining a memorandum of understanding recently approved by both groups’ leadership. The memo was produced following talks over the past month between the unions and representatives...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.