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 >
Verizon Names Santiago Tenorio as Chief Technology Officer
Verizon Names Santiago Tenorio as Chief Technology Officer
Oct 2, 2024
10:43 AM EDT, 10/02/2024 (MT Newswires) -- Verizon Communications ( VZ ) said Wednesday it has named Santiago Tenorio as its chief technology officer, effective Oct. 28. Tenorio had a 25-year career at Vodaphone. He had previously served Chief Technology Officer for Vodaphone Ireland and Chief Network Officer in the UK, Verizon said. Price: 45.13, Change: -0.09, Percent Change: -0.19...
Codexis Expands Cash Reserves by $31 Million, Creates Chief Technology Officer Role
Codexis Expands Cash Reserves by $31 Million, Creates Chief Technology Officer Role
Oct 2, 2024
05:10 PM EDT, 10/02/2024 (MT Newswires) -- Codexis ( CDXS ) said late Wednesday that it raised $31 million in capital and expanded its leadership team. The funds are in addition to the $73.2 million in cash, cash equivalents, and investments on hand as of June 30. The capital was raised via an at-the-market facility during Q3. The company appointed...
Zillow Group to Benefit From Existing Home Sales Growth in 2025, Morgan Stanley Says
Zillow Group to Benefit From Existing Home Sales Growth in 2025, Morgan Stanley Says
Oct 2, 2024
12:14 PM EDT, 10/02/2024 (MT Newswires) -- Zillow Group's ( ZG ) residential revenue is set to benefit from expected growth in existing home sales in 2025, however, the market has already priced in this rebound, especially as new challenges in execution arise, Morgan Stanley said in a note Wednesday. The brokerage said it expects mid-single-digit growth for existing home...
Texas Pacific Land Closes Acquisition of Permian Oil, Gas Assets for $286 Million
Texas Pacific Land Closes Acquisition of Permian Oil, Gas Assets for $286 Million
Oct 2, 2024
04:38 PM EDT, 10/02/2024 (MT Newswires) -- Texas Pacific Land ( TPL ) said Wednesday it closed an acquisition of Permian oil and gas mineral and royalty assets for $286 million in cash. The assets have a current production of about 1,300 barrels of oil equivalent per day, the company said. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved