Montenegro Airlines launches redundancy scheme

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Airbus terminates Qatar order

Airbus has raised the stakes in a dispute with major customer Qatar Airways over grounded and undelivered A350 jets by announcing it had revoked a separate contract for 50 smaller A321neo jets the airline plans to use for new routes. The move widens a dispute that moved closer towards a rare courtroom clash, with a procedural hearing over Qatar's claim for more than $600 million in compensation over A350 flaws pencilled in for the week of April 26 in London. Airbus revealed it was walking away from the contract for A321neos in skeletal arguments presented during a scheduling session over the A350 dispute at a division of Britain's High Court. "We confirm we did terminate the contract for 50 A321s with Qatar Airways in accordance with our rights", an Airbus spokesman said following a filing setting out provisional arguments. Qatar Airways is expected to fight the A321neo contract's termination, having said it plans to take delivery of the jets even though it is refusing to take more A350s until a dispute over surface erosion on the larger planes has been resolved. The airline said in a court filing that it was "working through the practical consequences" of the A321 decision, adding that Airbus was not entitled to declare a "cross-default" on the basis of Qatar's refusal to take more A350s in the main dispute. Qatar Airways had no immediate comment on the A321neo contract, which has its roots in an order 10 years ago worth $4.6 billion at list prices, originally for a smaller version. Qatar Airways has said the A321s will help it launch flights to new markets where there is currently not enough demand for larger aircraft, but which are out of reach of smaller A320s. Qatar's first A321neo is due to be delivered in February 2023, according to the airline filing. Industry experts say the hot-selling model can easily be resold, in contrast with a drop in demand for big jets like the A350, worsened by the pandemic.

Montenegro Airlines launches redundancy scheme

NEWS FLASH

Montenegro Airlines plans to reduce its headcount in line with the law for the investment and consolidation of the national carrier adopted late last year, which stipulates the provision of state aid for the company under the condition it reduces its workforce. The carrier issued a call to all staff who have spent at least six years with the company outlining they may voluntarily apply for the redundancy scheme, which includes a payout of 50% of the individual’s monthly gross wage for each year of service. The monthly gross wage is calculated based on an average of the employee’s last three paychecks. Applications are open until October 15.

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Anonymous13:39
as always: Montenegro keeps winning!
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