Manufacturing Industry
World Airways resumes operations after tentative agreement with pilots
Airline Industry Information, Feb 6, 2006
AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD
World Airways, a wholly owned subsidiary of World Air Holdings Inc (Nasdaq:WLDAE), is resuming commercial cargo and passenger operations.
Operations are to resume after the airline and the International Brotherhood of Teamsters (IBT) reached a tentative agreement for a three-year contract extension yesterday (5 February).
The agreement reportedly ended a week-long strike by World Airways' pilots and provides for annual wage increases, continued profit sharing, a signing bonus, improved benefits, improved work rules and job security.
The pilots are returning to work immediately while they conduct the contract ratification process, which is expected to take up to 30 days. World's military business was not interrupted by the strike.
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