TULSA - A final labor contract has been approved by pilots of American Airlines which could help clear the way for a merger with US Airways.
"We are pleased the final labor contract has been approved and American can take steps to emerge from restructuring an intact company. The positive actions of American's work groups have saved thousands of Tulsa area jobs, critical to the future success of the Tulsa maintenance base," said Mike Neal, president and CEO of the Tulsa Regional Chamber.
Under the contract, pilots will get pay raises and own 13.5 percent of the American Airlines parent company, AMR.
"While aviation and aerospace remain key industry sectors in the Tulsa region’s economic development success, it is the human capital, our highly-skilled workforce, which allows these industries to thrive," Neal said.
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