Airline CEO Jonathan Ornstein offering interest-free loans to address pilot shortage
Mesa Airlines Chairman and CEO Jonathan Ornstein tells Stuart Varney how his company’s initiative to give pilots interest-free loans to fly the number of hours needed to obtain their pilot’s license will help the pilot shortage.
United Airlines pilots voted to "overwhelmingly" reject the tentative agreement that was presented in June, their union said on Tuesday.
A record 9,980 United pilots participated with 94% voting against the proposal, the union — the Air Line Pilots Association — said in a statement.
The union said the agreement fell short of the industry-leading contract United pilots earned and deserve following struggles during the COVID-19 pandemic and recent surges in travel.
The tentative agreement, announced in June, offered more than 14.5% cumulative pay increases and enhanced overtime and training pay. However, some pilots were not happy with the deal, prompting the union to renegotiate its terms.