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

Let Us Make the Right Decision Ahead of 2027, Wike Warns PDP

The Minister of the Federal Capital Territory, Nyesom Wike,...

Expert Warns Against Antibiotic Abuse, Calls for End to Self-Medication

A consultant endocrinologist, Dr Grace Senbanjo, has warned Nigerians...

Baiting the Dragon’s Fire: U.S- Taiwan Arms Deal Sparks China’s Fury

By Dr. Austin MahoThe US recently approved an $11.1...

Pastor Chris Okafor Set to Sue VeryDarkMan Over Alleged Cyber Harassment

Popular cleric and Senior Pastor, Dr. Chris Okafor, is...

A’ibom LGAs still poverty centres-CHRAN

By Ogenyi Ogenyi, UyoCenter for Human Rights and Accountability...

Obi Dumps Labour Party for ADC, Rallies Opposition Ahead of 2027

Former Labour Party presidential candidate in the 2023 general...

VeryDarkMan Reacts After Spotting Seyi Tinubu’s Poster in Morocco

Social media activist Martins Otse, popularly known as VeryDarkMan,...

10 States Plan N4.3tn Borrowing to Fund 2026 Budgets

Ten states are planning to raise about N4.287tn through...

PDP Crisis Can Be Resolved in One Week — Olawepo-Hashim

A former presidential candidate of the Peoples Democratic Party...

Baiting the Dragon’s Fire: U.S- Taiwan Arms Deal Sparks China’s Fury

By Dr. Austin MahoThe US recently approved an $11.1...

Related Articles

Popular Categories

spot_imgspot_img