Aer Arann, which operates between domestic airports in Ireland and flies between Ireland and the UK and Europe, says that proposed job cuts at the airline have been reduced by 30%.
However, the airline also said that it is suspending services on three of its routes.
Last month Aer Arann said it was seeking up to 100 redundancies as part of a cost reduction programme. The airline said it wanted to concentrate the airline more on charter flights and leasing its aircraft and crews to other airlines.
But today it says that following the creation of a new Isle of Man base, up to 30 positions - mainly among flight crew and cabin crew - which had been up for redundancy will now be safe. The base will services flights between the Isle of Man and London City.
The airline has confirmed that the total number of redundancies will be limited to 70.
Aer Arann says it will introduce schedule changes in the New Year, which will concentrate its operations on routes that continue to perform well. These changes will see services on new routes cut back or suspended.
The routes which will be suspended from January 12 are the Galway-Waterford to Amsterdam service, the Kerry to Manchester service and the Cork to Glasgow-Prestwick service.
'Route reductions like this are normal for the winter schedule,' commented Aer Arann's CEO designate Paul Schutz.
'While these cuts may be a little deeper in these recessionary times, routes that are suspended will be kept under review and may return in the future when the demand is there to support them,' he added.
Aer Arann operates over 600 flights per week, across 40 routes in Ireland to the UK and Northern France as well as Amsterdam. Passenger numbers have grown from 12,000 in its first year to 1.1m in 2006.
