Teamsters Local 357, Republic Airways announce tentative agreement on contract

Teamsters Local 357 and Republic Airways Holdings Inc. (NASDAQ/NM: RJET) said they have reached a consensual tentative agreement on the terms of a new three-year contract for the 2,100 Republic pilots represented by the International Brotherhood of Teamsters.

The parties are preparing the document for publication, at which point Local 357 will distribute copies of the tentative agreement to its members. The union plans to hold a series of road shows and other forums to afford its members the opportunity to review the tentative agreement and to ask questions.

Ratification voting is scheduled to conclude in late October. Further details on this process will be provided to our Pilots by the union in the coming days.

The company will post a copy of the tentative agreement on www.myrjetcontract.com for the convenience of Local 357 members and has agreed to host an FAQ and other content on the site as requested by the union.