Being one among the victim of the turbulent times faced by the Indian Aviation sector, Jet Airways, in an attempt to prune losses, has decided to dismiss services of 72 high-cost expatriate pilots, as per media report. Necessitated by a truncated monsoon schedule and also the availability of pilots from the home land, the company, which is termed to have edge over beleaguered Kingfisher Airline, has taken the harsh measure.
This move of the company comes on the heels of freezing expat pilot hiring, early in May. The airline, in total, has 183 foreign pilots out of 500 foreign pilots employed by Indian airlines, according to the civil aviation ministry. The dismissal of expat pilots, who till recently were a valuable resource for domestic airlines, is believed to be the first and the biggest in Indian aviation. However, the sacking exercise is unlikely to run into political tornado as it involves only termination of services of only expatriate.
Ace rival, Kingfisher Airlines, was earlier reported to have planned dismissal of 3500 employees, representing 50% of the staff, as sealed down operation of 32 of its work stations across airports in India and abroad.
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Interglobe Aviation | 4676.90 |
SpiceJet | 56.46 |
Global Vectra Helico | 275.75 |
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