NEWS: Hawaiian Reaches Agreement With Pilots

Good news for Hawaiian Airlines today as they reached a tentative agreement with their pilots for a new contract. The agreement comes just a month after the pilots rejected the last offer from the airline. Assuming the rank and file approve the contract Hawaiian will have cleared its final hurdle on the way to exiting bankruptcy. The carrier could emerge from bankruptcy by the end of May.

Hawaiian Airlines entered bankruptcy in March 2003 so you can see it has taken them awhile to manuever themselves clear. During this time they renegotiated contracts with all of their labor unions in addition to the leases for their aircraft. If one extrapolates the time it took Hawaiian to get this far we ought to see United ready to exit bankruptcy in another ten years.