Charlie McDonald Quotations

We believe we made a fair and equitable offer to bring the negotiation process to a successful conclusion, especially in an airline industry environment that is experiencing massive concessionary agreements. Over the next 30 days, we remain committed to continuing to work with the IBT.

We were able to reach a fair and equitable agreement that met the needs of our pilots and supported the financial goals for our company. We look forward to obtaining ratification of the agreement and working with the entire World Airways team to continue the growth and success of the airline.

The first provided a 10 percent signing bonus and a pay increase of 3 percent in the first year and 4 percent annually for each of the next two years. The other option offered a 7 percent signing bonus and a 5 percent pay increase in the first year, followed by 3 percent annual increases for each of the next two years. Given the circumstances in the airline industry today, we believe we provided an attractive, comprehensive offer that addressed the major concerns expressed by the pilots during negotiations.

The company is very disappointed that a fair and equitable agreement could not be reached. We believe we had a very attractive offer on the table, including annual wage increases, continued profit sharing, a signing bonus, benefits improvements, work-rule improvements and a job security proposal.