DENVER (CBS4) – This week pilots for Frontier Airlines are voting on whether to give up some of their benefits. In return they would get a stake in the company.
The deal includes delayed pay increases, lower company 401K contributions and fewer sick and vacation days.
CBS4’s news partners at the Denver Business Journal have been following this developing story since the weekend.
Watch Ed Sealover from the Denver Business Journal’s appearance on CBS4 News at 6 p.m. on Tuesday where he discussed the issue in depth. Watch the interview about Frontier’s future in the video clip below.
With the deal pilots would then become minority owners of the airline.
The CEO of Republic Airways, which owns Frontier, is hinting that more employee deals may be needed in order to stay profitable.
LINK: Denver Business Journal