financetom
Business
financetom
/
Business
/
IndiGo woos Jet Airways' pilots, offers compensation for overdue salaries
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
IndiGo woos Jet Airways' pilots, offers compensation for overdue salaries
Mar 12, 2019 2:04 PM

Budget carrier IndiGo is offering jobs to pilots of Jet Airways along with compensation for overdue salaries from the cash-strapped full service airline.

IndiGo, the country's largest airline in terms of market share, on Tuesday also said that all job offers are in line with its current terms and conditions.

Crisis-hit Jet Airways has not paid salaries to its pilots, engineers and other senior management for more than three months now.

"IndiGo is offering Jet Airways' pilots job opportunities," an IndiGo spokesperson told PTI.

The no-frills airline's response came to queries on whether it was looking to hire pilots from Jet Airways and also offering them significant amount as joining bonuses.

The queries were sent to IndiGo's Chief Operating Officer Wolfgang Prock-Schauer.

"We are not offering a signing bonus. We are offering a compensation for overdue salaries," the spokesperson said.

On whether IndiGo is offering a bonus after third year of contract for pilots who would join from Jet Airways, the spokesperson replied in the negative.

Regarding shortage of pilots, IndiGo said it has an internal upgrade programme in place and is able to upgrade pilots in sufficient manner.

"Our pilot hiring programme always includes hiring from the market and Jet Airways is part of the external hiring programme," the spokesperson said.

IndiGo is facing acute shortage of commanders amid aggressive expansion of its fleet. The carrier has more than 210 planes in its fleet.

Earlier, an aviation industry source told PTI that IndiGo was wooing Jet Airways pilots with attractive pay packets to meet the shortage of commanders.

"We are conducting open house interviews to getting contact with pilots. That's a common practice in the aviation industry not specific to Jet Airways," the spokesperson noted.

Shortage of trained and experienced pilots has been a problem for domestic airlines amid capacity expansion to meet rising passenger traffic.

First Published:Mar 12, 2019 10:04 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved