Jet Airways' pilots union National Aviator's Guild says 'endeavouring' to help airline achieve cost efficiencies
Pilots have reportedly not agreed to pay cuts proposed by the airline, which is battling financial woes amid rising fuel costs and low fares.
Jet Airways' pilots union - NAG - has said that it is 'endeavouring' to assist the airline in facing the current challenges and help in achieving cost efficiencies, according to a NAG statement. However, a source in the union told the PTI that pilots have not agreed to pay cuts proposed by the airline, which is battling financial woes amid rising fuel costs and low fares.
As part of its cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts, sources had said. Against the backdrop of concerns over salary reductions and possible job losses, the airline, on Friday, said it was working to have a competitive cost structure.
"We are endeavouring to assist our company in facing these challenges by meeting with the management and being a part of the solution in achieving cost efficiencies and enhancing our service standards," the National Aviator's Guild (NAG) said in a communication to its members.
The union, which has more than 1,100 members, also said that the induction of Boeing 737 MAX planes would also play a large part in achieving cost efficiencies and enhancing service standards.
"Fuel costs are on the rise, the rupee is at an all-time low and low fares are among the factors contributing to the challenges faced by all airlines today," it added.
While emphasising that the NAG is confident of the airline's sustainability in short as well as the long term, it asked members not to fall prey to rumours and baseless speculations.
Earlier this week, the top management had told staff that the airline might be left with revenues only to operate for not more than 60 days unless cost cutting measures are implemented.
However, Jet Airways CEO Vinay Dube, on Friday, described reports that the airline cannot fly beyond 60 days as "incorrect and malicious".
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Jet Airways salary delay: Pilots not to perform additional duties from next month if dues not cleared by 30 November
Jet Airways has been reporting losses since last three successive quarters and defaulting on salary payments to a section of its staff.
The Naresh Goyal-promoted full service carrier was scheduled to clear the remaining 50 percent of the August salary to these personnel on 26 September as part of a staggered-payment plan.
Jet Airways has partially paid the salaries of these staff members for September even as the full salaries of October and November remain unpaid.