DALLAS, April 14, 2011 /PRNewswire/ -- Earlier today, the respective Unions representing Southwest Airlines (NYSE: LUV) and AirTran Airways Pilots, as well as both Companies signed a Four-Party Process Agreement that provides for the two pilot groups to begin their seniority integration discussions prior to legal closing of the AirTran acquisition. It also outlines provisions of an implementation schedule in the event an agreement is reached on an integrated seniority list (ISL). Southwest anticipates closing on its acquisition of AirTran Airways in second quarter of 2011.
"This is yet another important step in the overall process of bringing these two great carriers together," said Mike Van de Ven, Southwest Airlines Executive Vice President and Chief Operating Officer. "I applaud both sides for signing this important agreement that lays the groundwork for bringing together these two hard working Pilot groups."
The Southwest Airlines Pilots' Association (SWAPA) and the Air Line Pilots' Association (ALPA) can now begin the work of integrating seniority lists in accordance with the McCaskill-Bond Act. This new Four-Party Process Agreement also creates a timeline for SWAPA and ALPA to reach an ISL agreement. If an agreement is not reached during this timeframe, the matter will be sent to arbitration and a new implementation process will have to be negotiated.
After nearly 40 years of service, Southwest Airlines continues to differentiate itself from other low fare carriers--offering a reliable product with exemplary Customer Service. Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded, now serving 72 cities in 37 states. Southwest also is one of the most honored airlines in the world known for its commitment to the triple bottom line of Performance, People, and Planet. To read more about how Southwest is doing its part to be a good citizen, visit southwest.com/cares to read the Southwest Airlines One Report™. Based in Dallas, Southwest currently operates more than 3,400 flights a day and has nearly 35,000 Employees systemwide.
SOURCE Southwest Airlines