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

CCECC to Renovate and Construct Namibian High Commission and Home-Based Staff Building in Abuja

By Othuke EvrohXiangdong Wang, President, China Civil Engineering Construction...

NCC, NDPC Sign MoU to Strengthen Data Protection in Nigeria’s Telecom Sector

The Nigerian Communications Commission (NCC) and the Nigerian Data...

FG Commences Emergency Distribution of Various Food Items in 10 Northern States

By Joyce Remi-BabayejuThe Minister of Humanitarian Affairs and Poverty...

Residents protest after bandits abduct seven in fresh Kaduna attack

Residents of Danhonu II community in New Millennium City,...

Alex Iwobi Gives Fresh Update on Nigeria’s 2026 World Cup Qualification Hopes

Super Eagles midfielder Alex Iwobi has spoken about Nigeria’s...

Audi: Trajectory of Success and Changing the Narrative

From a plethora of achievements and milestones—despite daunting challenges...

CDHR National President Extols Virtues of Late Beko Ransome-Kuti

By Jabiru HassanThe National President of the Centre for...

CDHR President Pays Tribute to Late Beko Ransome-Kuti at Memorial Lecture

The National President of the Committee for the Defence...

News Release

Foundation Backs Govt’s Education Development DriveIn what many described as an...

Dr. Sasetu Takes Over as Permanent Secretary, Youths, Sports Ministry

From Abel Zwanke, LafiaDr. Stephen Iliya Sasetu has officially...

Commentary: After NAHCON Chairman’s Exit, Stability Of 2026 Hajj Must Guide Next Steps.

  BY INDEPENDENT HAJJ REPORTERS. Following the resignation of...

Related Articles

Popular Categories

spot_imgspot_img