Air Canada reached a tentative deal over the weekend with its pilots union, avoiding a strike that could have shut most of its operations.

The country's biggest carrier said the terms of the four-year deal with the Air Line Pilots Association (ALPA)—which represents more than 5,200 pilots at Air Canada and Air Canada Rouge—"will remain confidential pending a ratification vote by the membership, expected to be completed over the next month, and approval by the Air Canada Board of Directors." 

Strike Could Have Started Sunday Without Deal

Last Monday, Air Canada said that either side could issue a 72-hour strike or lockout notice as ea💮rly as yesterday if a deal couldn't be reached.

Air Canada said the new deal recognized the "the contributions and professionalism" of its pilots and would provide a framework for the carrier's growth.

This isn't the first major Canadian labor dispute in recent weeks to grab headlines. Last month, the Canadian government brought 澳洲幸运5官方开奖结果体彩网:a quick end to lockouts of u🌞nionized workers at the country's two biggest freight railroad operators, which threatened traꦗde with the U.S. and the national economy.

Air Canada shares listed on the 澳洲幸运5官方开奖结果体彩网:Toronto Stock Exchange (TSX) are down 15% this year.