Atlas Air And Polar
Air Cargo Finalize Labor Agreement With Pilots
By Eddy Metcalf
October 22, 2011 - Atlas Air Worldwide Holdings, Inc. a
global provider of outsourced aircraft and aviation
operating services, announced that it has completed a
new, five-year collective bargaining agreement with
pilots and flight engineers of Atlas Air, Inc. (Atlas)
and Polar Air Cargo Worldwide, Inc. (Polar).
The agreement, which is effective from September 2011,
completes the merger of the Atlas and Polar crew forces
into a single collective bargaining unit with an
integrated seniority list.
?We are very pleased to have finalized our new
collective bargaining agreement with our Atlas and Polar
crewmembers,? said John Dietrich, Executive Vice
President and Chief Operating Officer of Atlas Air
achieved all of our strategic objectives in this process,
including maintaining competitive compensation and benefits for
our crewmembers, preserving industry-leading work rules and
flexibility, and enhancing overall productivity. Bottom line, we
achieved long-term labor stability under a contract framework
rarely seen in the aviation industry that provides real value to
our crewmembers, customers and stockholders.?
terms of the new agreement, both pilot groups will be brought to
parity with each other and work from a single contract. The
merger of the Atlas and Polar crew forces into a single
workforce will also enable the Company to better optimize crew
work schedules and improve the global scale and efficiency of
its entire operation.
forward, all of the Company?s pilots will be able to serve Atlas
and Polar aircraft interchangeably. Previously, Atlas pilots
could only serve Atlas aircraft and Polar pilots could only
serve Polar aircraft.
"We applaud the union leadership and its efforts in coming to the table and working with us. With our strategic growth initiatives, our effectiveness in executing our business model, and this new agreement, we look forward to driving our revenues and earnings to higher sustained levels over the next several years and beyond.?
Worldwide is the parent company of Atlas Air, Inc. (Atlas) and Titan
Aviation Leasing (Titan), and is the majority shareholder of Polar Air
Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, Atlas Air
Worldwide operates the world?s largest fleet of Boeing 747 freighter
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