Atlas Air Prevails in Pilot Labor Arbitration
Atlas Air Worldwide Holdings (AAWW)
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atlasair.com/holdings/investor-information.html
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Source: GlobeNewswire
PURCHASE, N.Y., Aug. 27, 2019 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today confirmed that its subsidiary, Atlas Air, Inc. (the “Company”), prevailed in an important arbitration between the Company and the union that represents its pilots, the Airline Professionals Association, Teamsters Local 1224 (the “Union”). The August 26, 2019 arbitration decision affirms that the merger provisions of the collective bargaining agreement (CBA) apply in connection with Atlas Air’s acquisition of Southern Air, Inc. in April 2016. It further affirms the Company’s long-standing position that the Union has been in violation of the existing CBA by refusing to follow the merger provisions for a new joint collective bargaining agreement (JCBA), and by failing to present an integrated pilot seniority list to the Company. In a separate, but related, proceeding, the Union was also found to be in violation of the Southern Air CBA for refusing to follow the merger provisions
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