Air Canada Pilots Association

Air Canada Pilots Association

July 13, 2009 10:25 ET

Air Canada Pilots Ratify Tentative Agreement

Support Restructuring Airline to Create Stronger, Viable Business

TORONTO, ONTARIO--(Marketwire - July 13, 2009) - Air Canada's pilots have ratified a tentative agreement with their employer aimed at restructuring the airline to become a stronger, viable business that can support their jobs and pensions.

"The ratification of this agreement is a step in the right direction," said Captain Serge Beaulieu, Chair of the Master Executive Council of the Air Canada Pilots Association (ACPA). "With our members' support, the airline must now move ahead on negotiations with its other key stakeholders to complete the fundamental restructuring of its business."

Key provisions of the agreement include:

- Pension funding relief and a fixed schedule of payments for the company

- 15 per cent equity and a seat on the airline's Board of Directors for employees

- Restrictions on payouts to shareholders

- Protections for employees in the event of insolvency

- A 21-month collective agreement that addresses pilots' issues

"This agreement provides an opportunity to reconnect pilots with their airline," Beaulieu said. "We will continue to press Air Canada for the other changes required to rebuild the airline and continue to improve customer service so that it can support jobs, pensions and other economic benefits for Canadians."

The agreement was reached June 15 after months of negotiations and days of intensive talks with the assistance of a federal mediator. It was ratified by 55 per cent of pilots, with a voter turnout of 85 per cent.

The Air Canada Pilots Association is the largest professional pilot group in Canada, representing the more than 3,000 pilots who fly Air Canada's fleet.

Contact Information

  • Air Canada Pilots Association
    Paul Howard
    Director of Communications
    905-678-9008 ext. 222 or 1-800-634-0944
    www.acpa.ca