Qantas (QAN) said on Tuesday it has reached an agreement with the Australian Licensed Aircraft Engineers Association (ALAEA).
The four-year Enterprise Bargaining Agreement (EBA) covers nearly 1,600 Qantas Engineering employees and is subject to a formal vote.
The chief executive officer Geoff Dixon said the agreement was important for the Qantas Group and its employees.
"The agreement has been the subject of intense negotiations in recent weeks and will create foundation for jobs growth in Qantas, as well as providing a solid base for aircraft maintenance in Australia," he said.
Features of the agreement are consistent with those reached with other Qantas unions and include an annual wage increase, increase in company superannuation contributions and changes to the number and spread of part-time and casual employees.
Qantas shares lost 9 cents or 1.8% to $4.78.
