JET AIRWAYS ASKS JUNIOR PILOTS TO FURNISH ONE CRORE BONDS
Jet Airways has asked junior pilots to furnish surety bonds worth up to one crore and serve the airline for at least five to seven years. The development comes at a time when many of its junior pilots have been asked to take ten days off every month, a move that would result in up to 30 per cent pay cut, as part of cost saving measures.
Sources at the National Aviators Guild (NAG), the pilots’ union of Jet Airways, said the bond requirement has been communicated to the junior pilots. Jet Airways has more than 200 junior pilots including those undergoing training. The NAG would be taking up the matter with the management soon, sources added. On July 20, 2017, Jet Airways said that certain developments in the market, including that in the Gulf region, as well as its continued efforts to enhance internal efficiencies, have resulted in the review of network as also fleet and crew utilisation. Consequently, as a proactive measure, the company has made interim
alignments to its crew work patterns, which will be reviewed in future, in line with network growth.