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Total 28 results found. Search for [ Jet Airways salary cut ]

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BusinessToday.In
New Delhi, September 6, 2018
\"Withholding salaries, that too without prior notice, is a serious matter and the management will bear sole responsibility for any repercussions. Not paying the salaries on time would lead to non-cooperation by pilots,\" say Jat Airways pilots.


BusinessToday.in
New Delhi, August 28, 2018
Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...


BusinessToday.In
New Delhi, August 13, 2018
Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.


BusinessToday.in
New Delhi, August 10, 2018
Govt working on turnaround plan for Air India, may allow airlines to raise external commercial borrowingAs the Civil Aviation Ministry plans Rs 11,000-crore bailout package for ailing Air India, Aviation Secretary RN Choubey on Thursday confirmed that the centre is working on a turnaround plan to make the debt-ridden airline competitive. Also, the centre is working on ways to let all airlines raise external commercial borrowing to meet the rising operational costs. The decision se...


BusinessToday.In
New Delhi, August 9, 2018
In addition to Rs 11,000 crore bailout package, the govt may give the board of directors additional powers to take decisions on operational issues.


BusinessToday.in
New Delhi, August 7, 2018
PepsiCo's Indra Nooyi to step down after 12 years as CEOPepsiCo CEO Indra Nooyi will step down on October 3 after a 12-year stint at the helm of food and beverage multinational. The 62-year-old India-born executive has spent 24 years at PepsiCo. The company announced that its Board of Directors has unanimously elected Ramon Laguarta to succeed Nooyi as Chief Executive Officer.Jet Airways releases salaries to employees, decides against pay cutCornered by protesting employees and ...


BusinessToday.In
New Delhi, August 6, 2018
The problem with Jet Airways is no different from the rest of the industry -- revenues are sliding and costs are rising. The carrier posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, and the revenue drop was visible in both international and domestic operations. Watch BusinessToday.In's video on reasons behind Jet Airways' financial woes.


BusinessToday.In
New Delhi, August 6, 2018
The buzz earlier was that having posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, the airline was in serious damage control mode and had informed its employees that a 5-25 per cent salary cut was on the cards.


Manu Kaushik
New Delhi, August 3, 2018
Jet's expenses has registered a steep rise, primarily led by aviation turbine fuel cost, foreign exchange losses, loans advances to subsidiary JetLite, and aircraft maintenance charges.


BusinessToday.In
August 3, 2018
Jet Airways refuted the claim in a regulatory filing. \"The statement 'Can't fly beyond 60 days, Jet tells staff', as appeared in the media, is incorrect and malicious,\" the airline informed the stock exchange.


BusinessToday.In
August 3, 2018
At 10:31 am, the stock fell 4.21% or 14 points to 317.25 level. The stock has fallen after two days of consecutive gains.


BusinessToday.In
New Delhi, August 1, 2018
The airline has an annual salary bill of Rs 3,000 crore. The salary cut is expected to reduce this expenditure by around Rs 500 crore.


Reuters
New Delhi, July 20, 2017
The move, to be implemented from Aug. 1, is likely to impact up to 400 pilots, said the two sources, who asked not to be named.


PTI
New Delhi, September 30, 2013
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.


K.R. Balasubramanyam and Mahesh Nayak
July 23, 2013
The carrier posted earnings before tax, interest, depreciation and amortisation of Rs 19 crore in 2012/13. The achievement is significant, considering that the airline has been making losses for the past seven years.


K.R. Balasubramanyam
June 18, 2013
In an exclusive interview with Business Today's K.R. Balasubramanyam, Civil Aviation Minister Ajit Singh says as metros are well connected, the focus is now on Tier III, Tier IV cities to revive regional connectivity.


Pritam P Hans & Chandralekha Mukerji
May 15, 2013
There is a growing population of entrepreneurs seeking freedom from regular jobs and setting up own businesses. If you, too, hate working for others and have an idea for a marketable product or service that you are passionate about, it is a good time to start your own venture.


Shamni Pande and Goutam Das
February 21, 2013
The mood is cautious, but hiring has not been markedly affected yet by the slowdown, shows an Aon Hewitt report. Examining hiring trends at 173 companies, the study found that around 70 per cent of them had not revised their hiring intent for 2013 in any manner.


IANS
New Delhi, June 19, 2012
Air India, the troubled state-owned carrier, recorded the highest number of cancellations among all domestic carriers in May.


Lalatendu Mishra
Mumbai, June 13, 2012
AI is offering the lowest fares indicating lack of demand for its services. The trend is visible in both long and short-haul global sectors. In some cases, the airline is offering tickets at nearly half the price of Jet Airways.


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