Skip to content
Search

Latest Stories

Submit Guest Post

SpiceJet to give hiring preference to crisis hit Jet Airways staff

INDIA’S SpiceJet Ltd said yesterday (19) that it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week.

"We have already provided jobs to more than 100 pilots, more than 200 cabin crew and more than 200 technical and airport staff," said Ajay Singh, chairman and managing director of SpiceJet.


"We will do more."

Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday (18) to push its management for answers about their future after the airline shut down all flight operations on Wednesday (17) having failed to secure new funding from its lenders.

Jet Airways has lost many employees as the crisis unfolded. About 400 pilots have moved to other airlines, leaving Jet with about 1,300 pilots, a senior Jet pilot said. About 40 engineers have also left, a senior engineer said.

Lenders, led by State Bank Of India, say they are hopeful of a successful bidding process for Jet. The carrier is saddled with about $1.2 billion (£923.36 million) in debt.

Low cost carrier SpiceJet, which pledged to add 27 planes over the next two weeks to help to fill in the slots left vacant by Jet's grounding, said that it is making all possible efforts to minimise passenger inconvenience.

The government plans to form a committee to temporarily allocate takeoff and landing slots left vacant by the grounding of Jet's flights, a senior official said on Thursday (18). Local airlines including InterGlobe Aviation Ltd and state-run Air India are likely to benefit.

Air India on Thursday (18) offered special fares to passengers stranded in international routes due to Jet's grounding.

(Reuters)

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Tata Motors

Tata Motors has acquired an 89.42 per cent stake in Italian commercial vehicle maker Iveco

AFP via Getty Images

Tata Motors takes control of Iveco with 89.4 per cent stake in €3.43bn deal

  • Tata Motors has secured an 89.42 per cent stake in Iveco following the initial settlement of its €3.43bn cash tender offer.
  • Iveco employs around 33,000 people and operates 16 industrial sites and 22 research and development centres.
  • The tender offer will reopen from November 2 to November 6, giving remaining shareholders another opportunity to sell their shares.

Tata Motors has taken control of Italian commercial vehicle manufacturer Iveco after acquiring an 89.42 per cent stake for nearly €3.43bn, marking its biggest acquisition since buying Jaguar Land Rover (JLR) from Ford in 2008.

The initial settlement of the cash tender offer makes Iveco an indirect subsidiary of the Indian automaker, giving Tata Motors control of a European business with reported revenue of Rs 1,42,471 crore.

Keep ReadingShow less