Jet Airways cost cutting measures include pay cuts, to create a "healthier, more resilient business"
Highlights
- Airline in talks with staff, including pilots. for "healthier business""
- Cost cutting in sales and distribution, payroll, maintenance
- Airline in the process of adding 225 Boeing 737 MAX aircraft into fleet
Jet Airways on Thursday said it is in talks with employees and key stakeholders to implement cost reduction measures such as cuts in salaries of staff.
According to the airline, the ongoing talks with employees, including pilots, is in line with its stated focus of creating a "healthier and a more resilient business".
"Jet Airways has been implementing several measures to help it reduce cost as well as realise higher revenues for desired business efficiencies," the airline said in a statement.
"Some of these include sales and distribution, payroll and maintenance, among many others. As part of this approach, the airline management is in dialogue with key stakeholders to enlist their full support and cooperation for realising necessary savings across all parts of the business."
The company said that it is committed to create a growth-oriented and sustainable future.
Currently, the airline is in the process of adding 225 Boeing 737 MAX aircraft which will be inducted into its fleet over the next decade, of which 11 are slated to join within this financial year.