NEW DELHI: Low-cost provider and best rival SpiceJet appears to be benefiting from the crisis at Jet Airways.
Spicejet is now hiring engineers and pilots at a lot lower pay than their current salaries on the financially-troubled Jet. Industry sources instructed IANS that pilots from Jet Airways are being requested to take salary cuts of 25-30 in step with cent while engineers have been prompt to settle at 50 in step with cent in their current pay package deal.
Not long ago, many airways including SpiceJet were luring the same pilots and engineers with becoming a member of bonuses and higher perks.
"The prospect of closure is certainly one of the reasons for professionals agreeing to take salary cuts. But average salaries at Jet Airways have also been higher than the industry level," a best aviation supply mentioned.
A senior plane repairs engineer who has applied to SpiceJet and Air India Express for a task mentioned that he has were given an offer in the vary of Rs 150,000 to 200,000 a month while his current charge to company (CTC) at Jet Airways is nearly Rs 400,000 a month.
"The offer is much lower. It will certainly be a forced choice. We are hoping that some investor would take over Jet and our salaries will remain protected," he mentioned.
A SpiceJet government mentioned that the finances provider was offering salaries in accordance with their own structure and no longer the highly inflated one paid through Jet Airways.
A senior commander with Jet Airways mentioned that pilots with Four-5 years of experience are going to other airways as they are feeling the pinch of salary delays.
"They have loans and other financial commitments so they are looking for places where there is certainty of jobs and timely salary payment. Not many senior level pilots have so far left Jet Airways. They are reluctant to go to either SpiceJet, IndiGo or Air India Express as they feel their seniority and salary will be impacted. They do not want to sign 3-5 year bonds," he mentioned.
The flying veteran noted that many co-pilots who don't have a lot experience normally get about Rs 2.nine lakh salary month at Jet Airways, and they are keen to sign up for other airways for even less than Rs 2 lakh a month.
Apart from Jet Airways, amongst airways plying domestic routes, simplest Air India Express and SpiceJet perform Boeing fleets. Those working Airbus plane fear huge conversion prices for each pilots and engineers and are, thus, reluctant to hire the technical group of workers from Jet.
"We will have to train them for flying and maintenance of Airbus aircraft. In case of pilots, it will need six months of training while for engineers the re-skilling would take 3-4 months. This means the salary for entire training period will be a huge cost for us," mentioned an government of a private airline working Airbus planes.
But aviation professionals feel that the present situation is transient and it is going to be normalise as soon as Jet gets back on its toes.
"This is an unusual situation because Jet Airways remains almost grounded. Normally, supply and demand have been in favour of pilots and engineers. Now, it depends on how quickly Jet restarts again. If that happens things will stabilise. I won't be surprised if many pilots and engineers go back to Jet," mentioned Rajan Mehra, a veteran aviation skilled and Chief Executive Officer Club One Air.
Saddled with mounting debt and losses, Jet Airways is fighting for its survival. The airline is in gradual descent and watching closure with nearly 90 in step with cent of its fleet on the flooring.
Spicejet is now hiring engineers and pilots at a lot lower pay than their current salaries on the financially-troubled Jet. Industry sources instructed IANS that pilots from Jet Airways are being requested to take salary cuts of 25-30 in step with cent while engineers have been prompt to settle at 50 in step with cent in their current pay package deal.
Not long ago, many airways including SpiceJet were luring the same pilots and engineers with becoming a member of bonuses and higher perks.
"The prospect of closure is certainly one of the reasons for professionals agreeing to take salary cuts. But average salaries at Jet Airways have also been higher than the industry level," a best aviation supply mentioned.
A senior plane repairs engineer who has applied to SpiceJet and Air India Express for a task mentioned that he has were given an offer in the vary of Rs 150,000 to 200,000 a month while his current charge to company (CTC) at Jet Airways is nearly Rs 400,000 a month.
"The offer is much lower. It will certainly be a forced choice. We are hoping that some investor would take over Jet and our salaries will remain protected," he mentioned.
A SpiceJet government mentioned that the finances provider was offering salaries in accordance with their own structure and no longer the highly inflated one paid through Jet Airways.
A senior commander with Jet Airways mentioned that pilots with Four-5 years of experience are going to other airways as they are feeling the pinch of salary delays.
"They have loans and other financial commitments so they are looking for places where there is certainty of jobs and timely salary payment. Not many senior level pilots have so far left Jet Airways. They are reluctant to go to either SpiceJet, IndiGo or Air India Express as they feel their seniority and salary will be impacted. They do not want to sign 3-5 year bonds," he mentioned.
The flying veteran noted that many co-pilots who don't have a lot experience normally get about Rs 2.nine lakh salary month at Jet Airways, and they are keen to sign up for other airways for even less than Rs 2 lakh a month.
Apart from Jet Airways, amongst airways plying domestic routes, simplest Air India Express and SpiceJet perform Boeing fleets. Those working Airbus plane fear huge conversion prices for each pilots and engineers and are, thus, reluctant to hire the technical group of workers from Jet.
"We will have to train them for flying and maintenance of Airbus aircraft. In case of pilots, it will need six months of training while for engineers the re-skilling would take 3-4 months. This means the salary for entire training period will be a huge cost for us," mentioned an government of a private airline working Airbus planes.
But aviation professionals feel that the present situation is transient and it is going to be normalise as soon as Jet gets back on its toes.
"This is an unusual situation because Jet Airways remains almost grounded. Normally, supply and demand have been in favour of pilots and engineers. Now, it depends on how quickly Jet restarts again. If that happens things will stabilise. I won't be surprised if many pilots and engineers go back to Jet," mentioned Rajan Mehra, a veteran aviation skilled and Chief Executive Officer Club One Air.
Saddled with mounting debt and losses, Jet Airways is fighting for its survival. The airline is in gradual descent and watching closure with nearly 90 in step with cent of its fleet on the flooring.
Jet pilots, engineers joining SpiceJet at 30-50% pay cut
![Jet pilots, engineers joining SpiceJet at 30-50% pay cut]()
Reviewed by Kailash
on
April 14, 2019
Rating:
