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SPICEJET JOB CUT
UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...- SpiceJet reduced its workforce significantly in FY24SpiceJet significantly downsized its workforce in FY24, while increasing the proportion of employees earning above minimum wage. Despite re...
- SpiceJet case: Third party agency to inspect condition of engine to avoid dispute later on, HC saysThe Delhi High Court asked for the name of a third-party agency to inspect and certify the condition of SpiceJet's engine, which was leased...
- SpiceJet shares fall over 4% as investors remain apprehensive of fund infusionCash-strapped SpiceJet is short on liquidity, and investors are apprehensive about fund infusion, CNBC-TV18 said, citing sources. Additiona...
- SpiceJet set to lay off 1,400 employeesStaff cuts have become necessary because of the carrier's ₹60 crore salary bill, said people with knowledge of the matter. "People have alr...
- Akasa Air plans to hire 350 cabin crew and pilots by March 2023Akasa Air is out in the market to hire about 300-350 cabin crew members and pilots by March 2023.
- View: Aviation Industry; Pay your staff to keep your companyMallya’s raising of debt through bank loans to both fund his losses and to pay for dozens of new aircraft he had ordered, soon saw Kingfish...
- COVID-19 effect: SpiceJet to pay part salaries to over 92% employees in April"As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structur...
- Brokerages cut target prices of top companies amid signs of earnings weaknessOutlook negative on 309 of 354 BSE-500 companies; big names see cut of 22-30%.
- SpiceJet says limited number of engineering staff on leave without payMany other carriers have also announced leave without pay regime for their staff as flight services are suspended in the wake of the corona...
- Jet Airways leaves 350 pilots high and dry, cuts salary citing lesser workloadThe decision to slash salaries may have nothing to do with industry conditions or a change in Jet’s financial performance. Officials believ...
- Guwahati has potential to be major airline hub: SpiceJet chiefSpiceJet CMD Ajay Singh says Guwahati could also become a major airline cargo hub and generate hundreds of jobs due to its strategic locati...
- Jet Airways rallies 10% on low crude oil prices, rival woesShares of Jet Airways were locked at 10 per cent upper circuit following a sharp fall in crude oil prices and woes at rival airlines Spicej...
- With SpiceJet wobbling, pilots flocking to other airlines?As many as 54 SpiceJet pilots of the over 125 pilots who have quit the airline have already applied for a jobs in the two major airlines.
- DGCA takes back slots of SpiceJet on cancelled flightsIn another tough action taken against the defaulting airline, the DGCA has asked SpiceJet not to book tickets for dates beyond a period of ...
- It's a crime to fly empty seats, says SpiceJet COO Sanjiv Kapoor"We fly about 340 flights a day. So you stimulate flights that need support or flights that you think would fly with more empty seats," sai...
- FDI, low-cost airlines & AI's Dreamliners: Developments that can change fortunes of Indian aviationThe proposed AirAsia India launch, the Jet-Etihad deal, SpiceJet’s troubles and Air India’s Dreamliners together will change the industry f...
- Turbulence ends, airlines begin hiring pilots, crewNow, with passenger load factors having increased by 30% in the last quarter over the same quarter a year ago, and with further growth expe...
- Tapering traffic likely to cut short rally in airline stocksIdeally, receding oil prices should have spelt cheer for airline stocks, considering that jet fuel accounts for nearly 50% of the operation...
- Trainee pilots wait for their turn to take offScores of cadet pilots have been shown the door as airlines renege on their placement promises. They are now left with a loan to pay and ha...
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