Hawaiian Airlines and its pilots union have reached a new labor agreement, which is subject to member ratification.
Terms of the tentative agreement between Hawaiian and the Air Line Pilots Association were not immediately disclosed. But Capt. Jim Giddings, the Hawaiian pilots’ lead negotiator, said the tentative three-year agreement contains pay raises of 1 percent each year for three years, reported the Associated Press.
The Honolulu-based airline filed for Chapter 11 on March 21, 2003. Since then, Hawaiian has restructured its aircraft leases and negotiated new labor contracts with all but the pilots union, which is needed to complete its emergence from Chapter 11 bankruptcy.
The carrier’s court-appointed trustee, Joshua Gotbaum, said Hawaiian could emerge from bankruptcy by the end of May if the pilots ratify the agreement, reported AP.
