National Post (Latest Edition) - - FINANCIAL POST -

A ten­ta­tive con­tract agree­ment has been reached be­tween Air Transat and its more than 500 pi­lots. The air­line and the Air Line Pi­lots As­so­ci­a­tion say the new five-year con­tract in­cludes “sig­nif­i­cant im­prove­ments.” A union of­fi­cial says the agree­ment brings pi­lot wages “into line with their peers,” al­though no de­tails will be re­leased pend­ing a rat­i­fi­ca­tion vote ex­pected to be­gin next month. The pi­lots had voted to strike if a new agree­ment wasn’t reached by 12: 01 a. m. on Mon­day, just be­fore the start of the busy spring break trav- el sea­son. The pi­lots’ last con­tract ex­pired on April 30, 2015 and the ten­ta­tive con­tract fol­lows more than a year of ne­go­ti­a­tions and fed­eral con­cil­i­a­tion. If rat­i­fied, the new deal will run from May 1, 2015 un­til April 30, 2020. Air Transat is part of Mon­treal-based Transat A.T., which op­er­ates an in­te­grated travel busi­ness that in­cludes flights and va­ca­tion pack­ages in North Amer­ica, Europe and other ar­eas. The tour op­er­a­tor is fac­ing in­tense com­pe­ti­tion in the leisure mar­ket.

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