Other News - 05/10/2005

Hawaiian Airlines' exit from bankruptcy appears to be all but assured now that its pilots have ratified a new three-year contract. The pilots were the last of the carrier's organized workgroups to approve a new contract, a condition for the company's successful exit from Chapter 11. Trustee Joshua Gotbaum noted that "as with its other new union contracts and in contrast to those being negotiated elsewhere in the airline industry, the pilots' new contract includes pay increases, not pay cuts ...