The International Brotherhood of Teamsters Airline Division and Republic Airways Holdings Inc.(NASDAQ: RJET) said that pilots represented by Teamsters Local 357 voted to ratify a new three-year agreement.
Results of the vote were 1,363 votes in favor of the agreement to 421 votes against, with 1,784, or 90 percent of eligible pilots, participating in the vote.
Teamsters Local 357 represents more than 2,100 pilots for Republic´s subsidiaries, Republic Airlines and Shuttle America.
The new contract contains improvements in both pay and work rules, and includes significant bonuses upon ratification and on the one-year anniversary of the ratification.
Republic Airways Holdings, Inc., based in Indianapolis, is an airline holding company that owns Republic Airlines and Shuttle America