The United Steelworkers (USW) today said that through the successful work of Pinnacle Airlines’ Official Committee of Unsecured Creditors, Pinnacle and Delta Air Lines have agreed to extend to July 13 the bankrupt regional carrier’s deadline to renegotiate its union labor contracts. The USW is one of seven members of the committee.
In its presentation to the U.S. Bankruptcy Court for the Southern District of New York, which convened today to consider Pinnacle’s motion for approval of Debtor in Possession (DIP) financing and other agreements, the USW advised the court that agreements between Pinnacle and Delta will pose problems in upcoming bargaining.
USW International Vice President at Large Carol Landry, who leads the union’s Airline Division, stressed that the complex economic and non-economic issues that must be addressed in negotiations will require patience, good faith and commitment from top-level corporate management, Delta and other stakeholders in order to ensure that Pinnacle emerges from bankruptcy as a viable, more stable employer in the future. ... more