Citing the devastating impact of the Coronavirus pandemic on its operations, Air Peace has terminated the contracts of about 70 pilots.
It also announced pay cuts ranging from one per cent to 40 per cent.
This was disclosed by the management of the airline in a statement issued by its Spokesperson, Stanley Olisa, on Monday.
The statement read in part: “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.
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“The airline cannot afford to toe the path of being unable to continue to fulfil its financial obligations to its staff, external vendors, aviation agencies, maintenance organisations, insurance companies, banks and other creditors hence the decision to restructure its entire operations with a view to surviving the times.
“We decided to review the salaries being paid to all staff. The new salaries reflect a 0 per cent to 40 per cent cut of the former salary depending on the salary grades of every staff.
“Even after the cuts, it was obvious that for us to be able to sustain our operations and survive the times, some jobs must inevitably have to go.”
Olisa noted that the sacked staff may return to the airline when things normalise if they so desire.
