Coverage of the merger between American Airlines and US Airways

Pilots' Union Head Applauds Stake in 'New' AMR

Pilots to start voting in July

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    A union leader says the value of the pilots' share of a post-bankruptcy American Airlines should rise if the company merges with US Airways.

    David Bates with the Allied Pilots Association made the comment to members Thursday after the union's board approved a tentative 6-year agreement with American.

    The deal would cut Fort Worth-based American's spending on pilots by 17 percent. The agreement would also provide more flexibility to outsource some of the flying to other airlines.

    But the union, which supports a potential bid for American by US Airways Group Inc., also would get pay raises, no layoffs, and a 13.5 percent equity stake in the "new" American.

    Pilots are expected to start voting in July with the ballots counted Aug. 8.

    American Airlines Merger:
    Complete coverage of the merger between American Airlines and US Airways into the newly-formed Fort Worth-based company, American Airlines Group (AAL). Click here for more.