₦airaland Forum

Air Peace has sacked over 70 pilots across its fleet types as the negative impact of COVID-19 pandemic continues to take a huge toll on its operations.

The airline said it had to take the “painful but rightful” decision in the face of the devastating effects of the COVID-19 pandemic on its operations and financial health.

It said the job erasure for pilots amongst it over 3000 staff became imperative because it could not afford to continue fulfill its financial obligations without carrying out restructuring of its entire operations to survive the times.

Besides, the carrier said the painful decision was to keep its operations afloat after it carried out a raft of measures including cut of zero to 40 per cent in the salaries of staff.

In a statement in Lagos on Monday, the airline management said such move was critical to sustain its operations and survive the times.

The statement reads: “This decision is inevitable under the circumstances we find ourselves. In order to protect the continuity of majority of the existing jobs and the possibility of creating new ones in future, the survival of the airline is of paramount importance. When everything comes back to normal those pilots affected today will have a place to come back to in future if they so wish.

“Anything short of what we have done may lead to the collapse of an airline as could be seen in some places worldwide during this period.

“Therefore, we decided to review the salaries being paid to all staff. The new salaries reflect zero to 40 per cent cut of the former salary depending on the salary grades of every staff.

“Even after the cuts, it was obvious for us to be able to sustain our operations and survive the times, some jobs must inevitably have to go.”

https://thenationonlineng.net/air-peace-sacks-over-70-pilots/

ohh no.

And yet another set of Graduates and workers being jobless, to join the Dozens out here already...

Am one too...

just imagine

It's not easy

Tough one. this is why it's good to invest in one business. I heard pilots invest in Treasury bills tho

BEANSndPLANTAIN:
Tough one. this is why it's good to invest in one business. I heard pilots invest in Treasury bills tho

Treasury bills is close to useless now

Bills2307:
Treasury bills is close to useless now

close to useless? really wow ... I didn't know before o
Ewo

Bills2307:
Treasury bills is close to useless now

how? I thought it is the surest

Forex is the way to go now being the only industry that cannot be affected by any pandemic/meltdown/lockdown/recession.