Air Peace cuts staff salaries by 40 percent, sacks over 70 pilots


The negative impact of the coronavirus pandemic is biting harder as Air Peace has reduced its staff salaries by 40 percent and sacked over 70 pilots across its fleet types.

Air Peace in a statement said although the sack is painful, it was pertinent for the survival of the airline and its operations.

It said the job erasure for pilots among 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.

The airline 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.

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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.”