(Reuters) - Bankrupt AMR Corp, parent of American Airlines, has agreed with its pilots' union on language for a new labor deal to be voted on by union members, the union announced on Friday.
AMR has been in talks with the Allied Pilots Association as it tries to reduce labor costs and emerge from bankruptcy.
The APA's board on Friday presented a "counter-proposal" to offers from AMR management, which the company accepted, according to the statement. The contract must be ratified by the union's roughly 7,500 pilots, who rejected a previous labor proposal in August.
Union spokesman Dennis Tajer would not disclose specifics on the tentative deal but said it was "industry-standard, which has been our goal all along."