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Old 02-05-2006, 10:15 AM   #1  
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Default World Air & Pilots Reach T/A

World Airways and Its Pilots Reach Tentative Agreement
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PEACHTREE CITY, Ga., Feb. 5 /PRNewswire-FirstCall/ -- World Airways, a wholly owned subsidiary of World Air Holdings, Inc. WLDAE, has reached a tentative agreement with the International Brotherhood of Teamsters (IBT) for a three-year extension of a contract with World's 430 pilots.

Today's agreement ends a week-long strike by World Airways pilots. They will return to work immediately and begin the contract ratification process, which is expected to take up to 30 days. World Airways is contacting customers to resume operations.

More information will be available from the company on Monday, Feb. 6, 2006.

World Airways, a wholly owned subsidiary of World Air Holdings, Inc., is a U.S.-certificated air carrier providing customized transportation services for major international passenger and cargo carriers, the United States military, major freight forwarders and international leisure tour operators. Founded in 1948, World operates a fleet of 17 wide-body aircraft to meet the specialized needs of its customers. For information, visit http://www.worldairways.com.

World Air Holdings has three wholly owned subsidiaries, World Airways, Inc., North American Airlines, Inc. and World Risk Solutions, Ltd. World Airways is a charter passenger and cargo airline founded in 1948, North American is a charter passenger airline founded in 1989, and World Risk Solutions is an insurance subsidiary established in 2004. For additional information, visit http://www.worldairholdings.com.

["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request). These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.]

© 2006 PRNewswire
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Old 02-05-2006, 11:06 AM   #2  
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Where (subjects, not location) were the concessions made? Who gave the most on the negiotiating table? I haven't followed these talks, what were the big issues about the contract (scope, pay, schedule, etc...)?
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Old 02-05-2006, 12:03 PM   #3  
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Maybe leaving that plane all alone in ANGOLA might of done it.
 
Old 02-06-2006, 03:10 AM   #4  
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There were two major issues. Job security and health insurance. I'm bised, but I think that the union got their way on both.




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Originally Posted by koz2000
Where (subjects, not location) were the concessions made? Who gave the most on the negiotiating table? I haven't followed these talks, what were the big issues about the contract (scope, pay, schedule, etc...)?
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Old 02-06-2006, 04:27 AM   #5  
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Congrats to the World Pilots. Way to go! I have shared a few laughs and brews over the years with some of those guys. They made the layover in Kuwait sometimes fun! Take care and good luck.
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Old 03-04-2006, 03:31 PM   #6  
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There were two major issues. Job security and health insurance. I'm bised, but I think that the union got their way on both.
That's what we thought, but the Teamsters dropped the ball and it looks as if the TA may not pass.

When the strike was called off on Feb 5, there was an agreement in place that outlined how the new scope was to be written. The union negoating committee went home and the lawers from the teamsters and the company wrote the section in the contract. It seems that a major portion dealing with "like aircraft' was omitted. The teamster business agent signed off on the deal. When it was brought out, the negoating committee refused to endorse the TA. The business agent has sent it out for a vote anyway.

The vote will be counted in late March.
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