BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 7, 2005--Pemco Aviation Group, Inc. (NASDAQ:PAGI - News) announced today that a tentative agreement has been reached between Pemco World Air Services, Inc., its Dothan, Alabama subsidiary, and the International Association of Machinists and Aerospace Workers, AFL-CIO Local Lodge No. 1632 ("IAM"), subject to membership ratification. The tentative agreement allows the Company to move forward on a more competitive basis for both current and future customers.
Ray Bennett, President of Pemco World Air Services ("PWAS") explains, "Support of our employees for the Company's strategic initiatives was critical to us. They have demonstrated their full understanding of the needs of the Company to meet the challenges in today's marketplace. We are pleased to be moving forward in such a positive manner."
Pemco World Air Services has a forty-eight year history of servicing and modifying commercial aircraft of all types for customers worldwide. It has most recently announced its 737-400 conversion product and will be the first to bring it to the aviation market.
Source: Pemco Aviation Group Inc
