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Coronavirus: KF Aerospace in Kelowna forced to downsize due to COVID-19

globalnews.ca

COVID-19.The Kelowna-based company made the announcement on Friday. Canadian airlines cancel hundreds of flights as hopes fade for spike in demand KF Aerospace has been in operation in the Okanagan for 50 years.“When our airline customers were grounded in mid-March, we were immediately impacted, losing nearly 50 per cent of our sceduled work as these airlines grounded their planes and cancelled maintenance,” said KF Aerospace president Tracy Medve.KF managed to avoid layoffs for more than six months, but due to the poor long-term outlook in aviation, the company finally took action.Through a combination of voluntary long-term leaves, resignations, retirements and layoffs, staff was reduced by about 14 per cent, or 150 people.

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