Colombia’s Avianca reaches pay deal with ACDAC pilot union

Avianca Holdings and 450 pilots from the Colombian Association of Civil Aviators (ACDAC) reached an agreement that cuts worker pay but delivers job security for the next four years. The ACDAC agreement included postponing some economic benefits for four years from the start of 2021, a 15% cut to wages and bonuses, a guarantee for minimum pay and annual salary increases of 2% or at inflation, whichever is higher.

Source: Reuters