Air Transport World

US Airways. (News Briefs: North America Report).(agreement with pilots to save approximately $100 million in additional savings )(Brief Article)

US Airways reached agreement with its pilots last month that will result in approximately $100 million in additional savings annually through a combination of productivity improvements, benefit and pension savings and temporary wage concessions. The Dec.14 agreement meant the carrier was halfway to achieving President and CEO David Siegel's goal of achieving $200 million in extra labor savings as part of its bankruptcy reorganization. Retirement Systems of Alabama, which is providing debtor-in-possession financing to keep the carrier aloft, threatened to withhold further funds if the target is not achieved.

In exchange fur the additional savings, US Airways committed to raise the minimum number of aircraft in the mainline fleet from 245 to the current 279. …

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