NEW YORK (Reuters) - American Airlines pilots on Friday voted to ratify a new union contract, ending a years-long labor dispute and stabilizing American's parent, AMR Corp, as it tries to emerge from bankruptcy.
The contract, which union members accepted about 74 percent to 26 percent, gives the Allied Pilots' Association a 13.5 percent equity stake in AMR and offers what the union sees as "industry-standard" pay, a union spokesman told Reuters.
"We are pleased our pilots supported and ratified this agreement, which is an important step forward in our restructuring," Denise Lynn, a senior vice president at AMR, said in a statement.
(Reporting By Nick Brown; Editing by Gerald E. McCormick)
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