x

Air Peace cuts pay by 40%, sacks 75 pilots

AIR Peace on Monday sacked over 70 pilots cutting across its fleet types as the negative impact of COVID-19 pandemic continues to take a huge toll on its operations like other mega carriers in Europe, America, Middle East, Asia, Australia and other parts of Africa.

The airline said the decision became painful, but rightful in the face of the devastating effects of the COVID-19 pandemic on its operations and financial health.

It said the job cuts for pilots among it over 3000 workers became imperative because it could not afford to toe the path of being unable to continue to fulfill its financial obligation to its workers, external vendors, aviation agencies, aircraft maintenance organisations, insurance companies, banks and other creditors if it did not carry out restructuring of its entire operations to survive the times.

Read Also: ‘Air Peace pilots not on strike’
In a statement, the airline said it took the decision realizing that such move was critical to sustain its operations and survive the times.

The airline said it realized that it was not immune from the challenges thrown up by the COVID -19 pandemic for the global transport industry as it had to act fast by protecting existing jobs with the hope of creating new ones in the future.

The statement read: “The management of Air Peace wishes to state that it has taken a very painful but rightful decision, in the circumstances the airline has found itself as a result of the devastating effects of the COVID-19 pandemic on its operations and financial health, to terminate the employment of some of its pilots.

“This decision was taken for the greater good of the company and its almost 3000 workforce, the affected pilots inclusive. The airline cannot afford to toe the path of being unable to continue to fulfil its financial obligations…”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Ibom Air’s Essienette Elected 1st Chairman of NIMN Uyo Chapter

By Ogenyi Ogenyi, Uyo Mrs. Aniekan Essienette, FNIMN, Group Manager,...

JUST IN: CDCFIB Shifts Recruitment Portal Opening to July 14

The Civil Defence, Correctional, Fire and Immigration Services Board...

JUST IN: Tinubu to Sign Four Landmark Tax Reform Bills Into Law Thursday

President Bola Tinubu will on Thursday, June 26, sign...

BREAKING: 11 PDP NWC Members Reject Anyanwu’s Return as National Secretary

Crisis within the Peoples Democratic Party (PDP) has deepened,...

NCoS, NAS PC Partner to Rehabilitate Inmates, Curb Crime in Bayelsa

By Amgbare Ekaunkumo, Yenagoa The Nigerian Correctional Service (NCoS), Bayelsa...

Supreme Court Dismisses Appeal in Ogwashi-Uku Royal Dispute

By Anne Azuka The Supreme Court of Nigeria, sitting in...

Delta Govt Applauds Asaba NUJ Chapel for Solar Power Project

By Anne Azuka The Delta State Government has commended the...

Top 3 Insurance Companies Driving Digital Innovation in Nigeria (2025)

For years, insurance in Nigeria was viewed with skepticism—often...
spot_img

Related Articles

Popular Categories

spot_imgspot_img