Cathay Pacific confirms hiring freeze
Cathay Pacific Airways has confirmed a hiring freeze for the airline and its unit, Hong Kong Dragon Airlines, as part of its cost-cutting measures to deal with reduced demand.
Cathay Pacific chief executive Tony Tyler recently said in a staff newsletter the hiring suspension took effect at the end of October. He added the airline aims to adjust its operating plan for next year in anticipation of a weak market for air travel.
However, he said: “I remain unashamedly optimistic about the future of aviation in Asia – just think of the potential in China and India alone.”
The airline’s plans to cut costs include the removal of five Boeing 777-200 passenger aircraft from service over the next two years, as well as returning two of Dragonair’s Airbus A330 aircraft to their owners when the leases expire in June.
Tyler said the removal of the 777-200s, which include the first ever 777 ever built, will help Cathay Pacific simplify its fleet structure, adding “if we do manage to sell them, the cash will come in very useful.”
Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Wednesday, 12 November 2008
Tuesday, 14 October 2008
Jet Airways lays off cabin crew
Jet Airways lays off cabin crew
Jet Airways has laid off 800 employees as it cuts flights amid soaring costs.
India’s largest private airline said cabin crew hired for a planned expansion programme, which had been suspended, would lose their jobs.
Jet said it expected to cut more jobs. Its announcement follows a recent cost-cutting alliance with India’s second largest private airline, Kingfisher.
The two airlines, which have nearly 60 per cent of the market in India, said the rise in the price of jet fuel by a quarter this year was a major factor in wanting to join forces in order to cut costs.
“As a first step, around 800 flight attendants, recently recruited for the planned expansion programme, which has now been suspended, have been released,” Jet Airways said in a statement.
“The other categories include probationary and unconfirmed personnel in other areas, including cockpit crew and management personnel, to reflect the lower number of flights and seats offered.”
The airline said it will be offering 15 per cent fewer flights than scheduled this winter because of “declining traffic volumes”.
Jet Airways has laid off 800 employees as it cuts flights amid soaring costs.
India’s largest private airline said cabin crew hired for a planned expansion programme, which had been suspended, would lose their jobs.
Jet said it expected to cut more jobs. Its announcement follows a recent cost-cutting alliance with India’s second largest private airline, Kingfisher.
The two airlines, which have nearly 60 per cent of the market in India, said the rise in the price of jet fuel by a quarter this year was a major factor in wanting to join forces in order to cut costs.
“As a first step, around 800 flight attendants, recently recruited for the planned expansion programme, which has now been suspended, have been released,” Jet Airways said in a statement.
“The other categories include probationary and unconfirmed personnel in other areas, including cockpit crew and management personnel, to reflect the lower number of flights and seats offered.”
The airline said it will be offering 15 per cent fewer flights than scheduled this winter because of “declining traffic volumes”.
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