JetBlue is offering early retirement to pilots nearing retirement age
JetBlue AirwaysThe company has opened voluntary separation bids and they will close on Feb. 7, said the Air Line Pilots Association note, which was seen by CNBC.JetBlue and the union agreed to pay pilots out for 55 hours of their hourly pay rate to their mandatory retirement day or 18 months from the separation agreement, whichever was less. As an example, the letter of agreement said an Airbus A320 captain, 12 years in and who turns 65 in December 2027 would receive $416,293.
JetBlue, which reports quarterly results on Tuesday, didn't immediately respond to a request for comment. The letter of agreement between the company and union from earlier this week states eligible pilots will be 59 years old on or before March 31. The federally-mandated retirement age for U.S. commercial airline pilots is 65.Dozens of flights diverted, delayed after FAA warned of SpaceX rocket debris
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