The Teamsters union announced in late May that its pilot members from Gulfstream International Airlines agreed to a new five-year labor contract with management. According to a union statement, the new contract provides a “significant increase” in the ability of each pilot to modify his or her own schedule to accommodate personal needs. At the same time, it allows management to assign pilots for open trips, while ensuring that crewmembers get fair compensation for any flying above and beyond a normal monthly schedule.
“Contract negotiations are always about give and take,” said Joe Muckle, president of APA Teamsters Local 1224. “In this case, the pilot group knew it was necessary to work with the company to help reduce costs so that it could effectively undergo its reorganization under Chapter 11 bankruptcy.”
A bankruptcy court judge in January approved Gulfstream International’s sale to Chicago-based Victory Park Advisors, which had provided parent company Gulfstream International Group with up to $5 million in debtor-in-possession financing when it filed for Chapter 11 protection last November.