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The Official press release:
Atlantic Coast Airlines Pilots Approve
Revised Conditional Contract
Dulles, VA, (June 24, 2003) - Atlantic Coast Airlines, the Dulles, VA-based United Express and Delta Connection regional carrier (ACA) (NASDAQ/NM: ACAI) announced it has been informed by the Air Line Pilots Association (ALPA) that ACA’s pilots have ratified a revised conditional contract that includes reductions in pay rates and work rule improvements—designed to allow ACA to present an even more competitive cost structure to its partners. This new agreement is conditional in that it would go into effect only if and when ACA and United Airlines enter into a revised United Express agreement and that agreement receives required bankruptcy court approval.
Atlantic Coast Airlines President Tom Moore said, “The results of this vote are a clear representation of the spirit of teamwork between ACA and our pilots. We all know that these have been extraordinarily challenging times for our entire industry, and once again our pilot group has demonstrated that they are willing to take the lead in creating solutions that meet these challenges head on.”
Chris Thomas, Chairman of ACA’s Master Executive Council which represents the company’s 1,700 pilots said, “We look forward to working cooperatively to achieve greater job security and opportunities for future growth.”
ACA operates as United Express and Delta Connection in the Eastern and Midwestern United States as well as Canada. The company also operates charter flights as ACA Private Shuttle. ACA has a fleet of 148 aircraft—including 118 regional jets—and offers over 830 daily departures, serving 84 destinations.
Atlantic Coast Airlines employs over 4,800 aviation professionals. The common stock of parent company Atlantic Coast Airlines Holdings, Inc. is traded on the Nasdaq National Market under the symbol ACAI. For more information about ACA, visit our website at www.atlanticcoast.com.
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Atlantic Coast Airlines Pilots Approve
Revised Conditional Contract
Dulles, VA, (June 24, 2003) - Atlantic Coast Airlines, the Dulles, VA-based United Express and Delta Connection regional carrier (ACA) (NASDAQ/NM: ACAI) announced it has been informed by the Air Line Pilots Association (ALPA) that ACA’s pilots have ratified a revised conditional contract that includes reductions in pay rates and work rule improvements—designed to allow ACA to present an even more competitive cost structure to its partners. This new agreement is conditional in that it would go into effect only if and when ACA and United Airlines enter into a revised United Express agreement and that agreement receives required bankruptcy court approval.
Atlantic Coast Airlines President Tom Moore said, “The results of this vote are a clear representation of the spirit of teamwork between ACA and our pilots. We all know that these have been extraordinarily challenging times for our entire industry, and once again our pilot group has demonstrated that they are willing to take the lead in creating solutions that meet these challenges head on.”
Chris Thomas, Chairman of ACA’s Master Executive Council which represents the company’s 1,700 pilots said, “We look forward to working cooperatively to achieve greater job security and opportunities for future growth.”
ACA operates as United Express and Delta Connection in the Eastern and Midwestern United States as well as Canada. The company also operates charter flights as ACA Private Shuttle. ACA has a fleet of 148 aircraft—including 118 regional jets—and offers over 830 daily departures, serving 84 destinations.
Atlantic Coast Airlines employs over 4,800 aviation professionals. The common stock of parent company Atlantic Coast Airlines Holdings, Inc. is traded on the Nasdaq National Market under the symbol ACAI. For more information about ACA, visit our website at www.atlanticcoast.com.
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