Frontier Airlines and pilots reach definitive agreement.
AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD
Frontier Airlines (Nasdaq: FRNT) has reached a definitive agreement with the Frontier Airline Pilots Association (FAPA), after the union membership ratified a new collective bargaining agreement.
The two sides yesterday (15 February) said that the FAPA membership ratified the collective bargaining agreement by a vote of 289 (67%) for, to 140 (33%) against. This represents 429 votes out of 553 eligible voters, or 78%.
The new four-year agreement amends the previous five-year contract signed in May 2000. Implementation of the approved agreement will begin in March 2007.
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