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Mon, Feb 06, 2006

World Airways and Pilots Reach Tentative Agreement

World Airways tells ANN that it has reached a tentative agreement with the International Brotherhood of Teamsters (IBT) for a three-year extension of a contract with World's 430 pilots.

Sunday's agreement ends a week-long strike by World Airways pilots. They will return to work immediately and begin the contract ratification process, which is expected to take up to 30 days. World Airways is contacting customers to resume operations.

The company promises a more extensive statement shortly.

World Airways, a wholly owned subsidiary of World Air Holdings, Inc., is a U.S.-certificated air carrier providing customized transportation services for major international passenger and cargo carriers, the United States military, major freight forwarders and international leisure tour operators.

Founded in 1948, World operates a fleet of 17 wide-body aircraft to meet the specialized needs of its customers.

FMI: www.worldairways.com, www.worldairholdings.com

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