News: Jet Airways hands over pink slips to 50 expat pilots

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Jet Airways hands over pink slips to 50 expat pilots

Jet AirwaysBSE -6.06 % has handed over pink slips to 50 of its expat pilots by prematurely terminating their contracts, bringing their number to 88, as part of its cost-cutting measures as well as reducing dependency on the high-cost overseas flight crew. "We have prematurely terminated the service contracts of 50 expatriate pilots between April 1, 2014 and March 31, 2015," Jet Airways acting Chief Financial Officer (CFO) Ravichandran Narayan said during a post-earnings analysts call.

Jet AirwaysBSE -6.06 % has handed over pink slips to 50 of its expat pilots by prematurely terminating their contracts, bringing their number to 88, as part of its cost-cutting measures as well as reducing dependency on the high-cost overseas flight crew. "We have prematurely terminated the service contracts of 50 expatriate pilots between April 1, 2014 and March 31, 2015," Jet Airways acting Chief Financial Officer (CFO) Ravichandran Narayan said during a post-earnings analysts call.

Read Economic Times full report here.

Topics: #National, #Updates

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