Mon, Nov 10, 2008
Will Hire More Indian Pilots In Cost-Cutting
Initiative
Employing nearly 780 Indian and 260 foreign pilots, Jet Airways
has developed a plan to reduce operational expenses by hiring more
Indian pilots and gradually phasing out foreign pilots. Foreign
pilots working for Jet currently earn almost twice as much as
Indian pilots.
In addition to 32 pilots laid off last week, Jet is considering
terminating 50 more foreign pilots by next month, while hiring 20
more Indian pilots. A senior Jet official confirmed the
cost-cutting moves, saying, "We will gradually replace foreign
pilots with Indian talent," especially on budget-sensitive
non-metro routes, the Economic Times said.
"We are already in talks with Turkish Airlines" for subleasing
four Boeing 777 aircraft with cabin and cockpit crew, the official
said. "If the agreement materializes, these foreign pilots will
continue with the company. Otherwise, they will be phased out."
"Foreign pilots charge a huge salary premium over Indian pilots.
The whole model of ATR demands cost control," an airline industry
analyst said, adding that the proposed replacement of the foreign
pilots makes sense on ATR routes, the money makers for Jet. The
operational costs for the 50- to 74-seat ATRs are 40% lower than
the larger Boeing and Airbus planes in their fleet.
Last month's announcement by Jet of an operational alliance with
Kingfisher Airlines would further reduce operating costs, and could
lead to a 40 percent reduction of capacity, further reducing the
number of needed pilots.
More News
Airport Rotating Beacon A visual NAVAID operated at many airports. At civil airports, alternating white and green flashes indicate the location of the airport. At military airports>[...]
Aero Linx: Fly for the Culture Fly For the Culture, Inc. is a 501(c)(3) non-profit organization that serves young people interested in pursuing professions in the aviation industry>[...]
Klyde Is Having Some Issues Comprehending The Fed's Priorities FMI: www.klydemorris.com>[...]
Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]
Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]