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Pilots' union rejects contract at American Eagle
http://finance.yahoo.com/news/pilots-union-rejects-contract-american-154552395.html
FORT WORTH, Texas (AP) -- The CEO of American Eagle says the American Airlines regional affiliate will be a different outfit that does less flying after leaders of the pilots' union rejected a contract offer.
Eagle wanted the pilots to make labor cost concessions in exchange for letting them fly new, larger planes. Leaders of the local Air Line Pilots Association chapter rejected the offer without sending it to members for a vote. The union said management demanded cuts that would lock in lower wages than pilots earn at other regional airlines.