Your current location is:{Current column} >>Text
Air Canada pilots end 10
{Current column}47People have watched
IntroductionBy Allison LampertMONTREAL (Reuters) -Air Canada's pilots have ended a decade-long contract framewor ...
By Allison Lampert
MONTREAL (Reuters) -Air Canada's pilots have Cheating feelings to speculate in foreign exchangeended a decade-long contract framework, opening the door to "full bargaining this summer," their union leadership said on Monday in a note to members seen by Reuters.
Air Canada pilots have previously said they are pressing for "historic" gains to narrow the earnings gap with higher-paid aviators at U.S. carriers.
Their counterparts at Onex Corp's WestJet Airlines reached a tentative agreement that would offer a 24% hourly raise over four years, plus other pay and benefits.
The estimated 4,500 pilots at Canada's largest carrier have received a 2% wage increase per year since reaching a deal in 2014.
The union had a Monday deadline for using a type of escape clause that would allow for negotiations this year. The agreement now runs until Sept. 29, 2023, although its provisions will apply beyond that date.
"We were willing to meet with the company if they wanted to provide us with a substantial proposal that would further our membership’s goals," said the letter, adding Air Canada did not seek to open discussions.
The Air Canada pilots group, which joined the Air Line Pilots Association (ALPA) this month, said in a separate document it expects a notice to bargain to be provided in early June.
"Our pilots may elect to use the option that was available to them to initiate bargaining for a new collective agreement," Montreal-based Air Canada said in an emailed statement.
"The current agreement, which has been in place for nine years, is testimony of the productive relationship we have with our pilots."
U.S. pilots made gains in a recent tentative agreement with American Airlines (NASDAQ:) and a separate deal with Delta Air Lines (NYSE:) which delivers a 34% pay increase over four years.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!
Tags:
Related articles
JPMorgan says stocks will fall, analysts raise exposure to cash and gold By
{Current column}JPMorgan is telling its clients to add to cash and gold positions at the expense of equities and bon ...
Read moreSudden crypto drop sends bitcoin to three
{Current column}© Reuters. FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, ...
Read moreChina growth woes boost dollar, weigh down Aussie By Reuters
{Current column}2/2© Reuters. FILE PHOTO: Australian dollars are seen in an illustration photo February 8, 2018. REU ...
Read more
Popular Articles
- 7 big dividends & buybacks: Costco, J&J hike their payouts
- Housing Starts, Walmart, Home Depot: 3 Things to Watch By
- Is Infinite Investment Trading Safe? Infinite Investment Company Profile
- Wall St set for higher open as investors await more Fed clues By Reuters
- Jobless claims, Apple earnings, Shell earnings: 3 things to watch By
- U.K Inflation At A 4
Latest articles
-
Nvidia chips away at Intel, AMD turf in supercomputers By Reuters
-
European Energy Market Remains Center Stage
-
Oil prices fall nearly $1/bbl as China data disappoints By Reuters
-
U.S. stock market: Is it a bull, a bear, or a bull in a bear? By Reuters
-
China's Zeekr launches electric SUV, targets Europe By Reuters
-
Is Infinite Investment Trading Safe? Infinite Investment Company Profile