Air Canada has achieved its goal of cutting C$1.1 billion ($813 million) in annual labour costs after its pilots ratified the last and biggest concession package.
The Air Canada Pilots Association (ACPA) says its members voted 87% in favour of a new six-year contract that will save the bankrupt airline about C$257 million a year through pay cuts, new "flexible" working rules and the loss of 317 jobs. Over 88% of the ACPA's 3,300 mainline carrier members voted.
The flag carrier's low-fares subsidiary Air Canada Jazz's four unions also approved cost-cutting labour agreements totalling C$110 million a year.
Meanwhile, Singapore Airlines and the union representing its cockpit crew have reached a tentative agreement on wage cuts that will see pilots' salaries reduced by up to 16.5%.
Source: Flight International
