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Pilot Talks Resume with US Airways, Credit Union Offers Members Further Guidance

MOON TOWNSHIP, Pa. - More than a week after US Airways filed for Chapter 11 bankruptcy protection, talks resumed on Sept. 22 with its pilots' union on a new labor pact. The nation's seventh largest carrier filed on Sept. 12. In a prepared statement, the Air Line Pilots Association said...

By Staff Writer | Updated on September 28, 2004

MOON TOWNSHIP, Pa. – More than a week after US Airways filed for Chapter 11 bankruptcy protection, talks resumed on Sept. 22 with its pilots’ union on a new labor pact. The nation’s seventh largest carrier filed on Sept. 12. In a prepared statement, the Air Line Pilots Association said it will review and consider any tentative agreement that is reached after negotiations resume, but that the agreement would be sent to the US Airways pilots for ratification before it would become effective. The airline had previously sought $295 million in concessions from the pilots, as part of an overall labor concessions package of about $800 million. Meanwhile, US Airways FCU has outlined a number of bullet points on its Web site of what will and will not happen as a result of the carrier’s bankruptcy protection. It will continue to make loans; cash US Airways, Inc. payroll checks; and won’t place any limits on share withdrawals or transfers. The $607 million credit union has also said money from savings accounts “will, as always, be available upon demand, with the exception of shares pledged as collateral,” adding this is negotiable. The credit union is also urging members to contact member reps if they encounter any difficulty using credit cards, cashing checks and/or using debit cards with a particular merchant/vendor.

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