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SINGAPORE AIRLINES LAYOFFS
Air India turns to pay cuts and fewer flights as war worsens financial strugglesAir India is considering major cost-cutting steps amid the Iran war, including furloughs for nontechnical staff, salary cuts for senior exe...- UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
- Udaan CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...
- Tata to infuse $2 billion into super-app Neu; tech firms slashed over 1.5 lakh jobs this yearTata Group is planning to infuse another $2 billion into its super app venture Tata Neu, news agency Bloomberg reported, citing people fami...
- Pieter Elbers: Will KLM’s overachiever fit into IndiGo?“The loyalty to him from his employees is great, even after the tough decisions he had to take during the pandemic. That is an extremely im...
- Aviation industry facing 'one of the toughest times'; vaccines key to demand recovery: Vistara CEO"Vaccines will play a significant role in the full recovery of air travel demand across the world. We hope the government is doing everythi...
- US NTSB team arrives in Indonesia to look into jet crashThe team also comprises representatives from the U.S. Federal Aviation Administration, Boeing and General Electric. They joined personnel f...
- Vistara CEO Leslie Thng says no layoffs; salary cuts to be reviewed in January 2021Vistara's Chief Executive Officer Leslie Thng told that there have been no job cuts at the airline in the wake of the coronavirus pandemic.
- Vistara sees 'steady return in demand'; to increase daily flights to 100 by month-end: CEO Leslie ThngPrior to the coronavirus pandemic, which also resulted in the suspension of scheduled domestic as well as international flights, Vistara wa...
- Singapore Airlines to cut 4,300 jobs due to pandemic, most in its historySingapore Airlines Ltd said on Thursday it would cut 4,300 positions, or around 20% of its staff, due to the debilitating impact of the cor...
- Britain's Rolls-Royce to cut 9,000 jobs amid air travel slumpRolls-Royce, which makes engines for planes such as the Boeing 787 and Airbus 350, said on Wednesday it could also close factories as it sh...
- Covid-19: Why India needs a stimulus package quicklyIndia Inc, especially some sectors badly impacted by Covid-19, such as hospitality and airlines, will need a lifeline. Layoffs, which seem ...
- need2know: 10 macro cues for your day on D-StreetA RBI survey shows pessimism reigns among consumers and there is less hope for improvement compared to last year.
- Five triggers that changed your market while you were sleepingAnd just like that, the rally in the US equities got halted as markets hardly moved anywhere while crude oil put the brakes on the price sp...
- What India can learn from Singapore & China's successful PSU modelsThe models pretty much exist and the Modi government may not need to reinvent the wheel in its bid to reimagine India's public sector.
- Sunday ET: Mittu Chandilya: Challenges & opportunities before AirAsia India's CEOFernandes recommended Chandilya to the AirAsia India board. But the decision to name Chandilya was put off after he sought a meeting with t...
- Jet Airways is not ceding the number 1 space to anyone: Nikos Kardassis, CEOThe worry is clear - Jet has had five consecutive loss-making quarters till the beginning of this financial year and a red ink of Rs 1,420 ...
- Banks should convert their debt into equity, remove Vijay Mallya to save Kingfisher Airlines: GR GopinathBanks should convert 100% of their debt into equity, remove Mallya and appoint a new board to salvage KFA, says Air Deccan founder GR Gopin...
- Outsourcing ground handling will result to huge job lossesDGCA circular on outsourcing ground handling to a single agency at six airports will result in huge job losses across the country.
- Mallya for use of old Hyd, B'lore airports for low-cost opsKingfisher Airlines' promoter Vijay Mallya favoured the use of the old airports at Hyderabad and Bangalore for low-cost operations.
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