American Airlines moves closer to pilot contract

 
By SCOTT MAYEROWITZ | Published: November 10, 2012   

American Airlines and its pilots union have reached an agreement in principle over a new contract, which could ultimately pave the way for the airline to exit bankruptcy.

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The union's board must still sign off on the deal and present it to pilots for a ratification vote. That could happen as soon as three weeks from now.

AMR Corp., the parent of American...
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