Piedmont Airlines, a wholly-owned subsidiary of US Airways (NYSE: LCC), today announced that it has reached a tentative agreement with the Air Line Pilots Association (ALPA), which represents the airline's 375 pilots. The tentative agreement is subject to language being finalized, which is expected to occur over the next few weeks. Details of the agreement will be made available by ALPA.
"We are very pleased that Piedmont and ALPA, with the assistance of the National Mediation Board, have reached a tentative agreement on a contract for our pilots," said Steve Farrow, Piedmont Airlines president and CEO. "This is a significant step toward reaching a new collective bargaining agreement, and we thank the ALPA leadership and Mediator Andy Nordgren of the National Mediation Board for their dedication and support in reaching this tentative agreement."
ALPA will be presenting the details of the tentative agreement to its members for consideration once language is finalized in the coming weeks.