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Aeromexico reaches agreement with flight attendants.

AIRLINE INDUSTRY INFORMATION-(C)1997-2013 M2 COMMUNICATIONS

Mexican airline operator Grupo Aeromexico SAB de CV (BMV: AEROMEX) said that its Aerovias de Mexico subsidiary has concluded its contractual labor revision process with its flight attendant union, Asociacion Sindical de Sobrecargos de Aviacion de Mexico.

According to the carrier, the agreement with ASSA includes a 4.7% salary increase for current flight attendant personnel; in line with annual inflation as of the last twelve months, as well as additional employment benefits and incentive-driven compensation tied to productivity and quality of service.

The deal also includes new labor contract for future flight attendants with what Aeromexico said were "highly competitive" cost conditions.

This new collective labour contract for future flight attendant hires will be effective as of July 1, 2013, once Aeromexico, ASSA and the Ministry of Labor and Social Welfare have completed the process of establishing details related to clauses within the contract.

Aeromexico said that the new contracts' economic and productivity-related conditions are equivalent to those within Aeromexico's previous proposal, as part of the "Collective Dispute of Economic Nature" proceeding.

Aeromexico has a fleet of Boeing (NYSE: BA) 777, 767, 737 and the latest models of Embraer (NYSE: ERJ) 145, 170 and 190. Grupo Aeromexico began an important expansion plan 2011 which includes the incorporation of 20 new aircraft and properties over the next 24 months.

In 2012, Aeromexico announced that it signed a letter of intent to purchase 100 Boeing aircraft, 90 Boeing 737 MAX and 10 Boeing 787-9 Dreamliner; the largest investment program in Mexican aviation history.

Find out more at www.aeromexico.com.

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Publication:Airline Industry Information
Date:Jun 4, 2013
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