Jet Airways Refutes Crisis Rumors, Confident Of Survival


Jet Airways, one of India’s oldest private airlines, denied reports that it is on the verge of a shutdown, but admitted it had initiated talks with employees in an effort to cut costs in the face of adverse market conditions.

Reuters reported that the company had urged pilots to take a 15% pay cut to save the company from running out of cash in 60 days.

Jet Airways was trying to lower costs in departments such as “sales and distribution, payroll, maintenance and other areas” and was also letting some employees go, according to the Reuters report that quoted an unnamed source. Others indicated the possibility of a change in ownership. Read More

You may also read!

We support India’s right to self-defense, says US NSA John Bolton to Ajit Doval

US National Security Adviser John Bolton told his Indian counterpart Ajit Doval on Friday that America supports India’s right

Read More...

After Pulwama attack: Military puts all cards on the table

Even as India decides on military options for punitive action against supporters of the terror attack in Pulwama, Pakistan

Read More...

AirAsia India offers 20% discount on fares across flights

Low-cost carrier AirAsia India on Friday announced an up to 20 percent discount on its ticket prices for travel

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu