News Summary: Pilots to vote on American's offer

By The Associated Press
Directors of the pilots' union at American Airlines decided Wednesday to let members vote on a company proposal to cut spending on pilots by 17 percent. If ratified:
PILOTS GET: Pay raises of 14.8 percent over five years, a 13.5 percent share of AMR Corp. once the "new" parent company emerges from bankruptcy protection, and their pension plan would be frozen but not terminated.
AMERICAN GETS: More power to hire other airlines for regional flying and sell seats on other carriers. The union has long objected to both proposals, which it says would cost pilot jobs at American.
THE HAMMER: The Allied Pilots Association faced a deadline Friday, when a federal bankruptcy judge could grant American the power to throw out its union contracts and temporarily impose its own terms for pay, benefits and layoffs.
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