Friday, October 12, 2018

Jet Airways mulls grounding 23 Boeing 737s to cut losses

Mumbai: The management of Jet Airways is understood to have conveyed to its senior pilots that it might have to ground 23 Boeing 737s to cut down losses. At a meeting held on October 9 with the National Aviators Guild (NAG), the pilot union of Jet, the airline also informed that it won’t be able to meet the commitment to pay pilots and engineering staff pending salaries for September.

“The management suggested it is looking at grounding 23 Boeing 737s operating on domestic routes to mitigate losses,” one of the senior pilots present in the meeting confirmed to FE. Vinay Dube, Jet’s CEO, and Rahul Taneja, chief people officer, were among those present, sources said.

In its fleet of 124 aircraft, Jet has 82 different variants of Boeing 737s including Boeing 737-700, 737-800, 737-900 and 737-900ER and this narrow body aircraft is its workhorse for domestic operations.
In response to FE’s query on the issue, a Jet Airways spokesperson said, “Jet Airways categorically denies your information which is factually incorrect and misleading. The airline also urges the publication to refrain from reporting speculative information being circulated via sources with malicious intent.”
12/10/18 Manisha Singhal/Financial Express