Atlas Air Restores Profit Sharing Pay to Flight Crewmembers

Apr 27, 2001, 01:00 ET from Air Line Pilots Association

    PURCHASE, N.Y., and WASHINGTON, April 27 /PRNewswire/ -- Atlas Air, Inc.
 (NYSE:   CGO) and the Air Line Pilots Association, International (ALPA) jointly
 announced today that they have reached an agreement that will result in the
 restoration of profit-sharing pay to Atlas Air flight crewmembers retroactive
 to April 1999.  When Atlas Air crewmembers chose ALPA as their bargaining
 representative on April 26, 1999, their entitlement to participate in profit
 sharing was suspended pursuant to the terms of the Company's Profit Sharing
 Plan, which excluded unionized employees.
     On May 6, 1999, the Company filed an action in the United States District
 Court for the District of Columbia seeking declaratory judgment confirming the
 enforceability of the exclusion.  ALPA countersued, claiming that the
 exclusion for represented employees violated the Railway Labor Act (RLA).  In
 October 1999 the District Court granted summary judgment in Atlas Air's favor.
 ALPA appealed the decision, and in November 2000 the Court of Appeals reversed
 and remanded the case back to the District Court, finding that exclusion of
 unionized employees from the profit-sharing plan was a violation of the RLA.
 Although Atlas Air had previously announced its intention to appeal the
 decision to the U. S. Supreme Court, the Company believes it is in the best
 interests of all parties to put this matter behind them and settle the
 dispute.
     "The purpose of our profit sharing plan is to let those people who work
 hard for the company share in its success -- and that concept has not
 changed," said Richard Shuyler, Atlas Air's Chief Executive Officer. "As a
 result, we are restoring the profit sharing benefit to our crewmembers, which
 we believe should provide the foundation for an amicable resolution of our
 ongoing contract negotiations and strengthen our ongoing relationship."
     "ALPA is pleased that Atlas Air has signaled that one of its most
 important priorities will be strengthening its relationship with its
 crewmembers, who are its most important asset," said ALPA President Duane E.
 Woerth.
     "The Atlas Air crewmembers are encouraged that with the agreement to
 restore full retroactive profit-sharing pay, we can now put this dispute
 behind us and move forward together in a cooperative spirit," said Gregory
 Amussen, chairman of the Atlas Air Master Executive Council, the ALPA unit at
 Atlas Air.
     Atlas Air is a United States certificated air carrier that operates a
 fleet of 747 freighters under ACMI contracts.  These contracts include the
 provision of Aircraft, Crew, Maintenance and Insurance for some of the world's
 leading international carriers.
     Formed in 1931 and affiliated with the AFL-CIO, ALPA is the world's oldest
 and largest pilots union.  As of June 1, ALPA will represent 65,000 pilots at
 49 airlines in the United States and Canada.
 
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SOURCE Air Line Pilots Association
    PURCHASE, N.Y., and WASHINGTON, April 27 /PRNewswire/ -- Atlas Air, Inc.
 (NYSE:   CGO) and the Air Line Pilots Association, International (ALPA) jointly
 announced today that they have reached an agreement that will result in the
 restoration of profit-sharing pay to Atlas Air flight crewmembers retroactive
 to April 1999.  When Atlas Air crewmembers chose ALPA as their bargaining
 representative on April 26, 1999, their entitlement to participate in profit
 sharing was suspended pursuant to the terms of the Company's Profit Sharing
 Plan, which excluded unionized employees.
     On May 6, 1999, the Company filed an action in the United States District
 Court for the District of Columbia seeking declaratory judgment confirming the
 enforceability of the exclusion.  ALPA countersued, claiming that the
 exclusion for represented employees violated the Railway Labor Act (RLA).  In
 October 1999 the District Court granted summary judgment in Atlas Air's favor.
 ALPA appealed the decision, and in November 2000 the Court of Appeals reversed
 and remanded the case back to the District Court, finding that exclusion of
 unionized employees from the profit-sharing plan was a violation of the RLA.
 Although Atlas Air had previously announced its intention to appeal the
 decision to the U. S. Supreme Court, the Company believes it is in the best
 interests of all parties to put this matter behind them and settle the
 dispute.
     "The purpose of our profit sharing plan is to let those people who work
 hard for the company share in its success -- and that concept has not
 changed," said Richard Shuyler, Atlas Air's Chief Executive Officer. "As a
 result, we are restoring the profit sharing benefit to our crewmembers, which
 we believe should provide the foundation for an amicable resolution of our
 ongoing contract negotiations and strengthen our ongoing relationship."
     "ALPA is pleased that Atlas Air has signaled that one of its most
 important priorities will be strengthening its relationship with its
 crewmembers, who are its most important asset," said ALPA President Duane E.
 Woerth.
     "The Atlas Air crewmembers are encouraged that with the agreement to
 restore full retroactive profit-sharing pay, we can now put this dispute
 behind us and move forward together in a cooperative spirit," said Gregory
 Amussen, chairman of the Atlas Air Master Executive Council, the ALPA unit at
 Atlas Air.
     Atlas Air is a United States certificated air carrier that operates a
 fleet of 747 freighters under ACMI contracts.  These contracts include the
 provision of Aircraft, Crew, Maintenance and Insurance for some of the world's
 leading international carriers.
     Formed in 1931 and affiliated with the AFL-CIO, ALPA is the world's oldest
 and largest pilots union.  As of June 1, ALPA will represent 65,000 pilots at
 49 airlines in the United States and Canada.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X57485045
 
 SOURCE  Air Line Pilots Association