Wednesday, August 15, 2018

Jet Airways' pilots seek details of turnaround strategy

The pilots' union of beleaguered private carrier Jet Airways has sought details of the firm's turnaround strategy, including the various cost-cutting measures and the fund utilisation amid the airline flying into financial turbulence.
The move comes in the backdrop of chief executive Vinay Dube informing the shareholders at the company's 26th AGM here last week that the airline was looking at all elements of cost restructuring, including the employees' payrolls, indicating that the proposal was put on-hold.
Jet Airways, however, in a statement today said that it has a transparent and open culture and employees as well as the management regularly engage to discuss matters of mutual concerns through different platforms.
The airline, which is grappling with financial woes, had last week deferred announcement of its financial results for June quarter and is yet to announce a date for the same.
14/08/18 PTI/Economic Times

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