PPRuNe Forums - View Single Post - Vietjet purchase A330 but cant pay staff.
Old 24th May 2021, 21:29
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PilotLZ
 
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Are you surprised? A great number of companies laid people off left, right and centre, sent people on unpaid leave for 6+ months, slashed pay and removed base salary in favour of a pay-per-hour arrangement and took all sorts of other cost-cutting measures in order to take advantage of all the cheap aircraft out there. Many lease agreements have a duration of 10+ years and will likely be hugely beneficial to said airlines once the COVID situation abates. It still works out cheaper to pay for an idling aircraft for a year and then make good use of it for another 10 years than wait until things pick up and aircraft prices go up.

...sadly, the interests of all the qualified personnel involved do not make a part of the equation.
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