Talks between Lufthansa and VC have been going on since 2014 and have resulted in 14 pilot strikes that cost the German airline group €500 million ($590 million).
The agreement is subject to a union ballot for full acceptance and will last until 2022, it guarantees no more strikes for the period.
For cockpit employees, the average age pilots can retire from Lufthansa Passenger Services will be gradually increased to 60 until 2021, the same as pilots from Lufthansa Cargo.
Lufthansa, Lufthansa Cargo and Germanwings pilots agree to operate a minimum of 325 aircraft by the end of 2022, and the company will hire more than 700 junior pilots and create least 600 positions for future captains.
Pilots will receive staggered pay increases totaling to 10.3% and a one-off payment of up to 1.8 times their monthly salary.
After three and a half years of strikes everyone must be pleased it’s all finally been resolved, but there is no doubt the pilots have given little ground and gained almost everything they wanted.