CPA cuts working hours to 64

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MORE flights have been suspended, resulting in a further decrease in its projected revenue, the Commonwealth Ports Authority board said on Thursday as it adopted a resolution reducing CPA’s work hours to 64 from 72.

Last month, due to an estimated $3.9 million loss in projected revenue, CPA cut its work hours to 72 from 80.

On Thursday, the CPA board unanimously adopted CPA Resolution 2020-04 “implementing an additional austerity measure to begin on March 29, 2020.”

According to the resolution: “Additional airlines have suspended flights to the Saipan International Airport, decreasing CPA’s projected revenues by an amount significantly greater than that originally projected.”

Commonwealth Ports Authority Chairwoman Kimberlyn King-Hinds, center background, speaks during a board meeting on Thursday.  Photo by Emmanuel T. Erediano

CPA estimates that the total revenue loss will reach $6.4 million if all flight suspensions extend to the end of the fiscal year.

CPA Chairwoman Kimberlyn King-Hinds said the work-hour cuts are necessary in order for CPA to meet its obligations under a bond indenture.

She said CPA will not default on its bond obligations while making sure it is able to pay the salaries of its employees.

Aside from King-Hinds, all the other six board members voted to adopt the resolution. They are board vice chairman Roman T. Tudela, board secretary Thomas Villagomez, Pete P. Reyes, Joseph Diaz, Ramon Tebuteb, and Barrie Toves.

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