Mesaba Airlines Reaches Tentative Agreement with Mechanics Group.MINNEAPOLIS & ST. PAUL, Minn. -- Mesaba Airlines said today that it has reached a tentative agreement with its mechanics, represented by the Aircraft Mechanics Fraternal Association The Aircraft Mechanics Fraternal Association (AMFA) is an independent union that represents aircraft maintenance employees of commercial airlines in the United States. AMFA is committed to the principles of craft unionism, in that it seeks to represent only airline mechanics and (AMFA AMFA Aircraft Mechanics Fraternal Association AMFA Alternative Motor Fuels Act (PL 100-494) AMFA Asociación Movimiento Fe y AlegrÃa (Association for Activities of Faith and Joy; Guatemala) ). The agreement is subject to approval by Mesaba's AMFA-represented employees and supports the airline in meeting its required reduction in annual labor costs. "This has been a complicated and difficult process but working together we have been able to reach a solution that addresses the company's needs and the mechanics' interests," said John Spanjers, Mesaba Airlines president and COO. "This agreement, along with the deals we reached this weekend with ALPA and AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , is another vital step toward Mesaba's successful restructuring." Mesaba announced that it had reached a tentative agreement with the Airline Pilots Association (ALPA) on Oct. 28, 2006, and with the Association of Flight Attendants The Association of Flight Attendants (commonly known as AFA) is a union representing flight attendants in the United States. AFA represents 55,000 flight attendants at 20 airlines, making it the world's largest flight attendant union. (AFA-CWA) on Oct. 29, 2006. An agreement on permanent wage and benefit reductions previously had been reached by Mesaba employees represented by the Transport Workers Union of America Transport Workers Union of America (TWU) is a United States labor union that was founded in 1934 by subway workers in New York City, then expanded to represent transit employees in other cities, primarily in the eastern U.S. (TWU). The company's restructuring plan centers on three goals: securing its core business of 49 Saabs with Northwest Airlines; growing its business with Northwest and achieving a cost structure that positions Mesaba to be very competitive for new opportunities. Mesaba operates as a Northwest Jet Airlink and Airlink partner under an airline service agreement with Northwest Airlines. The airline serves 88 cities in the United States and Canada from Northwest's and Mesaba's three major hubs: Detroit, Minneapolis/St. Paul and Memphis. Mesaba operates an advanced fleet of regional jet and jet-prop aircraft, consisting of the 69 passenger Avro RJ85, the 30-34 passenger Saab SF340 and the 50 passenger Canadair Regional Jet. Mesaba filed for Chapter 11 bankruptcy protection on October 13, 2005 and continues to operate as a debtor-in-possession. Mesaba maintains a web site at www.mesaba.com. Mesaba Airlines is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of MAIR Holdings, Inc. MAIR Holdings, Inc. is traded under the symbol MAIR on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion