News Summary: United Airlines pilots OK contract

News Summary: United-Continental merger edges forward with new joint contract for its pilots

Associated Press

NEW CONTRACT: Pilots at United Airlines have ratified a new union contract, bringing the airline closer to finalizing its 2010 merger with Continental.

THE DETAILS: Pilots are getting raises averaging 43.2 percent, including bigger retirement contributions. They will also divide a $400 million lump sum. United also wins pilots' permission for a major expansion of the use of larger regional jets with 70 or more seats.

THE VOTE: Some 67 percent of the United and Continental pilots who voted elected to approve the contract. Nearly 98 percent of the 10,193 eligible pilots participated in the vote.

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