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ETIHAD SALARY CUTS
Etihad flags more cabin crew job cuts, to keep Airbus A380s groundedIn the internal email, cabin crew were told those affected would be notified within 24 hours, without saying how many would lose their jobs...- Emirates, Etihad extend temporary salary cuts to SeptemberThe aviation industry has been among the worst hit by the outbreak, which has dented travel demand and forced major airlines to lay off sta...
- Jet takes out 28 planes in two months, count may rise to 40 by March endIndustry insiders said as many as eight Jet aircraft have been grounded due to non-payment to lessors.
- Delayed salaries at Jet Airways can pose a security risk: DGCAThe airline, which is struggling to meet costs, has not been paying salaries to its senior management.
- Jet Airways in talks with SBI for Rs 1,500 crore loanJet Airways strategic partner and Middle-east carrier Etihad is likely to provide guarantee for the loan.
- Jet stock flies high, up 3% on revival stepsThe stock traded 1.05 per cent up at Rs 309 around 10.30 am after climbing 3% earlier.
- Jet Airways trims unviable international operations to cut lossesFinancial turbulence has forced Jet Airways to withdraw more than 30 flights from nine Gulf routes.
- An Indian partner may help Etihad take control of JetSearch for an Indian entity has begun because a foreign firm can’t hold more than 49% stake in the airline.
- Tata SIA Airlines eyes all-stock merger of Vistara with Jet AirwaysJet promoter Naresh Goyal could exit by selling stake to Tatas’ partner Singapore Airlines after merger.
- Jet Airways allows pilots to quit without noticeMore than 50 pilots have resigned in the last couple of months with a notice period of just 48 hours.
- Mckinsey to draw up Jet’s turnaround planJet Airways has also roped in Boston Consulting Group to help it with revenue enhancement measures.
- Jet Airways assures pilots of paying August salary dues by October 9The assurance came following a meeting between the Jet Airways management and its domestic pilots' union, National Aviator's Guild, at the ...
- Jet Airways gets Rs 258 crore from Jet PrivilegeThe fresh funding comes as a lifeline to the Naresh Goyal-promoted full service carrier, which has been in financial turbulence.
- Jet Airways pilots warn of 'non-cooperation', airline assures full salary payment by September 26The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after ...
- Jet unveils turnaround plan amid second straight quarterly lossJet also claimed it would reduce maintenance, selling and distribution and finance costs resulting in an expense reduction of Rs 2,000 cror...
- Jet Airways to clear Rs 120 crore pilot salary arrearsThe decision was taken by the airline management at a meeting in Mumbai on Wednesday. It will benefit about 1,100 pilots who had been prote...
- Employees at Jet Airways fear layoffs as airline embarks on cost-cutting spreeIndia's second largest carrier by marketshare may terminate the services of about 50-60 employees from Kolkata where it cut down on a score...
- Air India pilots seek salary arrearsThe Indian Commercial Pilots Association (ICPA), union of erstwhile Indian Airlines pilots, held an emergency meeting last week to discuss ...
- Air India proposes 15% pay cut for pilotsThe largest cut will be for executive commanders of wide body aircraft, with their monthly pay dropping from Rs 8.8 lakh to Rs 7.5 lakh.
- Tough business takes a toll on salaries of CEOs of carriers like Spicejet, KingfisherTop executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.
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