00:00It's Benzinga, and here's what's on the block.
00:03Air Canada has reached a tentative four-year agreement with the Airline Pilots Association
00:07avoiding a potential strike or lockout.
00:10The deal addresses pilot demands for wage increases to close the pay gap with U.S. carriers.
00:15The new agreement will remain confidential until ratified by over 5,200 pilots.
00:20The airline had been preparing to cancel flights before reaching the agreement.
00:24Air Canada's offer of a wage increase and improved pension and health benefits was rejected
00:28by the pilots' union, which deemed it insufficient for members still operating under outdated
00:332014 terms.
00:34For all things money, visit Benzinga.com.
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