Aer Arann said it will reduce employee salaries by an overall average 7%, with executive and management pay cut by an average 17%. "More jobs have been saved" as a result, the Irish carrier said, as the initially planned 100 redundancies have been reduced to about 60.

Subscribe to Access this Entire Article

"Other News - 05/04/2009" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.