United Airlines has offered its pilots a...

United Airlines has offered its pilots a five-year contract that may be attractive enough to persuade them to abandon their $4-billion bid to buy the airline, industry analysts said. “The pilots will have to withdraw their buyout offer before (negotiations) get serious,” said Kevin Murphy, airline analyst for Morgan Stanley & Co. of New York. The proposed contract requires no wage concessions by the 5,500 pilots and offers pay raises to recently hired pilots, according to the Chicago Tribune. The pilots’ buyout offer of $110 a share in cash would require pilots to make substantial concessions, including a 10-year, 25% pay cut. Neither Chicago-based United nor the pilots union would comment.