Mumbai: The crisis at Jet Airways is likely to deepen, as its 2,000-strong pilots are unlikely to agree to a 15% salary cut proposed by the management to save on costs to keep the airline afloat.
“The pilots of the airline will not accept any proposal of the airline management to take a salary cut and the management will have to find other means to cut costs and raise money for the airline,” the spokesperson of Jet’s pilot union, National Aviation Guild (NAG), told FE.
Apart from the pilots, the engineering division of the airline is also not in a mood to accept a salary cut.
“This is not the first time that the management has approached the pilots with an offer to take a haircut, we have witnessed this management tactic since 2008. And what the management said about a 60-day working capital left to run the company is not alarming, as earlier the management in 2008-09 had told us that the airline had working capital for only 15 days,” said a senior pilot with the airline.
04/08/18 Financial Express
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“The pilots of the airline will not accept any proposal of the airline management to take a salary cut and the management will have to find other means to cut costs and raise money for the airline,” the spokesperson of Jet’s pilot union, National Aviation Guild (NAG), told FE.
Apart from the pilots, the engineering division of the airline is also not in a mood to accept a salary cut.
“This is not the first time that the management has approached the pilots with an offer to take a haircut, we have witnessed this management tactic since 2008. And what the management said about a 60-day working capital left to run the company is not alarming, as earlier the management in 2008-09 had told us that the airline had working capital for only 15 days,” said a senior pilot with the airline.
04/08/18 Financial Express
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