Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that its subsidiary, Air Transport International, Inc., has reached a tentative agreement to amend the collective bargaining agreement with its pilots group, currently numbering more than 220 flight crew members.
ATI’s pilots are represented by the Air Line Pilots Association (ALPA). ATI and ALPA have been negotiating amendments to the current collective bargaining agreement since it became amendable in May 2014. The tentative amended agreement would extend for four years from the date of ratification by the ATI pilots.
Terms of the tentative amended agreement were not disclosed, but will be presented to the ATI pilot group prior to holding a ratification vote. The vote is expected to be completed prior to the end of March.
About Air Transport Services Group, Inc. (ATSG)
ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through its principal subsidiaries, including two airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Airborne Maintenance and Engineering Services, Inc. including its division, Pemco World Air Services, Inc.
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Contacts:
Quint O. Turner, ATSG Inc. Chief
Financial Officer, 937-366-2303
