For more information: Isabelle Arthur (Montreal), [email protected], 514-422-5788; Peter Fitzpatrick (Toronto) [email protected], 416-263-5576; Angela Mah (Vancouver), [email protected], 604 270-5741; aircanada.com The agreement is subject to ratification by IAMAW membership and some openers over a ten-year period. Details of the agreement will not be made public pending ratification by IAMAW and approval by Air Canada`s Board of Directors. This agreement with IAMAW, subject to ratification, follows the conclusion of a new agreement with Air Canada`s 6,500 flight attendants on the terms of the 10-year collective agreement in November 2015. This is the sixth agreement reached by Air Canada and its unions, including CAPA, which concluded the airline`s 3,000 pilots, Unifor as a representative of the airline`s 4,000 customer service and sales agents in Canada, the International Brotherhood of Teamsters (IBT) as a representative of their unionized employees in the United States and UNITE as representatives of the U.S. union workforce. “This new agreement with IAMAW on the terms of the 10-year collective agreement is an important achievement that will support Air Canada`s long-term and profitable growth and recognize the significant contribution of IAMAW members. In addition, it will benefit all stakeholders by providing our company with more security and flexibility, while ensuring the stability of our employees,” said Calin Rovinescu, President and Chief Executive Officer of Air Canada. “This is now our sixth agreement — the third with 10-year terms — that we reached with our unions last year. As such, it is yet another confirmation of the collaboration that Air Canada and its staff have, and our shared focus on customer care and the creation of one of the world`s leading international airlines. Pension agreements require a moratorium on previous service contributions for a 21-month period and fixed payments of $150 million, $175 million and $225 million in 2011, 2012 and 2013. Current payments will continue to be made as normal and there will be no changes to defined benefit plans or benefit reductions. The agreements are subject to a number of conditions, including the adoption by the federal government of a regulation amending Air Canada`s pension funding and the inclusion of at least $600 million in new federal funding.
The union will recommend ratification to its members and the company will immediately seek the approval of the Air Canada Board of Directors. Air Canada is Canada`s largest domestic and international carrier, serving more than 200 airports on six continents. The Canadian airline is one of the 20 largest airlines in the world and served more than 38 million customers in 2014. Air Canada offers scheduled flights directly to 63 airports in Canada, 52 in the United States and 86 in Europe, the Middle East, Africa, Asia, Australia, the Caribbean, Mexico, Central America and South America. Air Canada is a founding member of Star Alliance, the world`s largest air transportation network for 1,321 airports in 193 countries. Air Canada is the only international airline in North America to achieve a four-star rating, according to U.S. independent research firm Skytrax. For more information, see: www.aircanada.com, follow @AirCanada on Twitter and join Air Canada on Facebook. The airline has just signed interim agreements on a moratorium on pension funding with all of its unionized employees in Canada, after reaching an interim agreement with its three unions, Canadian Auto Workers (CAW), International Association of Machinists and Civil Aviation Workers (IAMAW) and the Canadian Airline Dispatchers Association (CALDA), on June 8, 2009. MONTREAL, December 18, 2015 /CNW Telbec/ – Air Canada and the International Association of Machinists and Aerospace Space Workers (IAMAW) today announced that they have reached a new agreement on the terms of the 10-year collective agreement, subject to ratification.