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9/25, 4:18 PM (Source: TeleTrader)
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EasyJet gives up on pilot compulsory redundancies

EasyJet's management promised no pilots would be made compulsorily redundant after reaching an agreement with the union, the British Airline Pilots' Association (BALPA) confirmed on Friday.

"I want to pay tribute to our easyJet management colleagues who we’ve been working with throughout this process. We've had tough talks, but in the end, we have come to a sensible and fair arrangement in light of the crisis the whole aviation sector is facing," Chairman of the BALPA EasyJet Company Council Captain Sean Casey said. "We have now secured a solid platform for both the airline and the pilots to benefit from the recovery we all hope to see in the next year."

EasyJet recently announced its third-quarter revenue sank by 297.5% on an annual basis due to the crisis caused by the coronavirus pandemic but subsequently managed to gather £608 million after finishing its sale and leaseback program. Meanwhile, the company's pilots reportedly agreed to work part-time to avoid redundancies.

Breaking the News / JR