For
the Record is
compiled from company releases, business
journals and newspaper reports from around
the state. If you have an item for these
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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
Atlantic Coast Airlines
(ACA), a regional air service provider based in
Dulles, received approval from members of the
Air Line Pilots Association, International, to
modify the working contract of the pilots union.
The new agreement, which includes changes to pay
structure and work rules, plus a profit-sharing
plan, was sought in order to facilitate establishment
of a new independent airline by ACA to be based
at Washington-Dulles International Airport. (PR
Newswire)
Norfolk Southern Railway
Co. and the Brotherhood of Locomotive
Engineers reached a new working agreement
to run through 2009. The agreement provides
engineers with an annual bonus opportunity based
on the same financial performance criteria used
for management. (PRNewswire)
Starband Communications,
a McLean-based provider of satellite-based high-speed
Internet services headquartered in McLean, received
approval from the U.S. Bankruptcy Court in Delaware
to emerge from Chapter 11 protection. The company
filed for Chapter 11 protection in May 2002
after a major dispute with a strategic partner.
(Business Wire)
