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...

Abuja Road construction: Guzape, Kpaduma Residents Will Be Fully Compensated – Wike

By Joyce Remi-Babayeju The FCT Minister Barr Nysome Wike has...

mass Defection Hits Sokoto Pdp as Business Wing Joins Apc

By Muhammad Ibrahim, Sokoto  A significant blow to the Peoples...

world Bank Team Hails Sokoto L-pres Execution

The World Bank’s Third-Party Monitoring Team has commended the...

Youths Protest  Over Land Grabbing In Delta Community

By Anne Azuka  Youths from Ogbe-Akwu community in Ogwashi-Uku Kingdom...

Gov. Ododo Flags Off the Construction of  7.2 Idah Township Road

By Noah Ocheni, Lokoja Kogi State Governor, Alhaji Ahmed Usman...

Plateau Gives 72-Hour Ultimatum to Jos Motorcyclists

By Israel Adamu, Jos   Plateau State Government has raised alarm...

mutfwang’s Envoy Seeks Bank Partnership

By Israel Adamu, Jos   Special Envoy on Peace and Security...

Youths Protest  Over Land Grabbing In Delta Community

By Anne Azuka  In a powerful show of unity and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img