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June 02, 2022

Silver Airways Finalizes Letter Of Agreement With Pilots

Agreement Includes Industry-First Incentives

Silver Airways LLC, the U.S. regional airline headquartered in Fort Lauderdale, Hollywood International Airport, has finalized a letter of agreement with its pilots. The deal includes a unique block or actual hours flown supplement that applies to all pilots regardless of position or seniority. The supplement entitles all pilots who fly within the airline’s passenger operations to a 10% override applicable to the number of block hours they fly. Per the supplement, the $52.03 first-year hourly rate for a First Officer would effectively become $57.23. The first-year Captain’s base pay of $92.01 would increase to $101.21. Both rates are industry bests.

Deal Includes Options for One-Hundred Additional Planes

IAG, the parent company of British Airways, has finalized an order for up to one-hundred-fifty, Boeing 737 MAX jets. The confirmed order is for 25 of the high density Max 8-200 variant and 25 of the stretched Max 10, with options to purchase an additional one-hundred of Boeing’s most popular airliner family. Deliveries are scheduled to begin in 2023 and continue through 2027, with any exercised options available from 2025 through to 2028. The aircraft are to be available to any of IAG’s subsidiary airlines, including: British Airways, Iberia, Aer Lingus and Vueling.