Since the lockdown imposed by Modi government approximately every corporate sector is suffering a recession. Amid the lockdown, government-owned Air India has announced to dismantle 200 pilots from its contract list. The reason behind is lack of flights travel.
The 200 pilots were re-employed after retirement and their contracts were suspended because the country has put restrictions on all domestic and international commercial passenger flights till 14 April to curb the coronavirus pandemic, a senior official said, PTI reported.
Earlier, budget carrier SpiceJet returned five of its wet-leased Boeing 737 aircraft to Turkey’s Corendon Airlines. The airline attributed cost-cutting for the move. Others such as GoAir have announced pay cuts for its employees. “Under the current conditions, we find ourselves in we are left with no choice but to extend salary cuts for all of us for the month of March. We will ensure that the lowest pay grades suffer the least,” Vinay Dube, CEO, GoAir, said recently.