Covid-19 causes major aviation company to cut 10% staff

Covid-19 causes major aviation company to cut 10% staff
Oceania Aviation is cutting back its fixed-wing maintenance division. (Image: Deposit Photos).
Oliver Lewis
Major aviation services company Oceania Aviation is restructuring its fixed-wing maintenance division, reducing total staff numbers by about 10%.In a statement to BusinessDesk, chief executive Greg Edmonds said the company announced the “difficult” decision last week. The restructure would “realign our resources to the short-term demand being seen as a result of the ongoing covid-19 lockdowns”, he said. Oceania Aviation, a subsidiary of the Solus Aviation group, provides maintenance, repair and overhaul service...

More Economy

Capital is the elephant not in the room
Primary Sector

Dileepa Fonseka: Capital is the elephant not in the room

Doubling exports also means a cultural shift in how we view capital. 

Dear valuable foreign students: pay up then bugger off home
Economy Education

Dear valuable foreign students: pay up then bugger off home

Wary western governments are changing the rules on international fee-payers.

Bloomberg 25 May 2024
The RBNZ turns more hawkish, still worried
Economy

The RBNZ turns more hawkish, still worried

The OCR now peaks at 5.7% versus a prior peak of 5.6%.

Rebecca Howard 22 May 2024
RBNZ keeps rate on hold at 5.5% but turns more hawkish
Economy

RBNZ keeps rate on hold at 5.5% but turns more hawkish

The OCR peak is now 5.7% versus prior view of 5.6%. 

Rebecca Howard 22 May 2024