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Republic Leads Airline Gains as Mediators Set Pilot Meeting

Submitted by jhartgen@abi.org on

Republic Airways Holdings Inc. jumped the most among U.S. airlines after federal mediators set a Sept. 16 meeting that may rekindle contract negotiations with the carrier’s pilots union and help avoid a bankruptcy filing, Bloomberg News reported today. The National Mediation Board asked both sides yesterday to attend the session in Washington, D.C., where the International Brotherhood of Teamsters Local 357 will give the regional carrier its latest counterproposal, said union local President James Clark. The union declined to allow members to vote on Republic’s last offer. “If we can negotiate, we’ll start” after presenting the union plan at the meeting, Clark said. “If it doesn’t happen, it doesn’t happen. It really depends on what the company does.” Republic said it will attend the meeting in Washington.