Republic Airways’ pilots ratify three-year contract

The International Brotherhood of Teamsters’ (IBT) Local 357, which represent the approximately 2,100 pilots of Republic Airways, have voted by a margin of 76% to ratify a new three-year contract, with approximately 85% of the eligible pilots voting. The three-year agreement becomes effective on or about November 1. The agreement invests approximately US$50m a year on average over the three-year duration of the new agreement, including both the ratification bonus and the anniversary bonus. The new agreement includes significant improvements in work rules and pilot quality of life. Additionally, it establishes pay rates that recognize Republic’s pilots as leaders in the regional airline industry, including a transformational US$40/hr first year new hire rate.