News Summary: Pilots at American approve contract

Friday - 12/7/2012, 4:20pm EST

By The Associated Press

(AP) - CLEARED FOR TAKEOFF: Pilots at American Airlines voted by a margin of 3-to-1 to ratify a new contract that includes pay raises, reversing course from August, when they rejected a similar deal.

LEAVING TROUBLED SKIES? American said it was happy with the outcome, which ends some unfinished business and moves the airline one step closer to emerging from bankruptcy protection.

IN THE WINGS: The deal also clears the way for US Airways to step up its bid to force a merger in which its executives would run American.

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