The board of directors and executive management of Bahamasair Holdings have announced the signing of a new industrial agreement between the national flag carrier and the Bahamas Airline Pilots Association (BALPA).

This brings to a close almost two years of negotiations. Both management and the pilots association have expressed their satisfaction at the conclusion of the process.

The contract, signed on February 19, will go into immediate effect and is for five years covering the period January 1, 2013 to December 31, 2017.

Bahamasair has now concluded three industrial agreements with the IAMAW, the PMU and the Pilots Association, respectively.

The company is set to announce the signing of its fourth and final agreement with the AAAWU.