August 31, 2001

FOR IMMEDIATE RELEASE

NATIONAL MEDIATION BOARD

Contact: NMB Public Information Line -- (202) 692-5050

Re: PSA Airlines and IAM Reach Tentative Agreement

The National Mediation Board (NMB) announced today that PSA Airlines Mechanics and Related employees have reached a tentative contract agreement. Mechanics and Related employees are represented by the IAM (International Association of Machinists) . The tentative agreement will be submitted to the union's membership for a ratification vote.

PSA Airlines had been in negotiations mediated by the National Mediation Board since December, 2000. Mediation was handled by Mediator Sam Cognata of the NMB.

Information regarding details of the agreements and the schedule for ratification votes should be obtained directly from the parties.