Atlas Air and Southern Air Prevail in Dismissing U.S. District Court Actions Brought by Teamsters Pilot Union
Atlas Air Worldwide Holdings (AAWW)
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Source: GlobeNewswire
PURCHASE, N.Y., Jan. 28, 2020 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today confirmed that Atlas Air, Inc. and Southern Air, Inc. have prevailed in dismissing two legal actions brought by their pilot union, the International Brotherhood of Teamsters. The union filed these lawsuits last summer, seeking to vacate the management grievance decisions issued in favor of the companies by arbitrators Richard Bloch and George Nicolau, respectively. “With these rulings, we have a clear and timely path forward to delivering the updated contract that our pilots deserve. This is good news for our pilots,” said John W. Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “We remain committed to working collaboratively with union leaders to efficiently negotiate and complete the contract.” The decisions rendered by the U.S. District Court for the District of Columbia upheld the companies’ position that the merger provisions in both the Atlas Air and
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