Lufthansa pilots
June 24, 2010
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Germany's flagship airline Lufthansa has announced it has settled a wage dispute with its pilots through arbitration.
Negotiations on the arbitration began in April, and now both sides have accepted the terms.
Lufthansa pilots have been feuding with the company over pay and job security over the last few months, leading to strikes that cancelled many flights for Germany's biggest airline.
According to the arbitration agreement, which must still be formally accepted by the pilots' Cockpit union, the pilots have agreed to a pay freeze through March 2011 in exchange for job security.
By reaching an agreement, Lufthansa looks to be safe from further pilot walkouts this summer.
Author: Matt Zuvela (Reuters/AP/apn)
Editor: Andreas Illmer