SpiceJet Furloughs 150 Cabin Crew for 3 Months - Financial Woes
By Rediff Money Desk, New Delhi Aug 29, 2024 22:34
SpiceJet furloughs 150 cabin crew members for three months due to financial headwinds and reduced fleet size. The airline is facing legal and lessor woes.
![SpiceJet Furloughs 150 Cabin Crew for 3 Months - Financial Woes](https://im.rediff.com/money/2016/jul/13airline11.jpg)
New Delhi, Aug 29 (PTI) Facing financial headwinds, SpiceJet has decided to furlough 150 cabin crew members for three months.
The budget carrier is operating with a reduced number of planes amid financial, legal and lessor woes. Currently, it has an operational fleet of around 22 aircraft.
A total of 150 cabin crew members will be sent on leave without pay for three months, an airline spokesperson said on Thursday.
Earlier in the day, aviation regulator DGCA said the airline has been placed under enhanced surveillance.
"SpiceJet has made the difficult decision to temporarily place 150 cabin crew members on furlough for three months.
"This step has been taken in response to the current lean travel season and the reduced fleet size, with the long-term stability of the organisation in mind," the spokesperson said in a statement.
During this furlough period, the spokesperson said the cabin crew members will continue to retain their status as employees of SpiceJet, with all health benefits and earned leave intact.
The airline is looking to raise funds to boost its financials.
"As we work toward enhancing our fleet following the upcoming qualified institutional placement (QIP), we look forward to welcoming our crew members back to active duty," the spokesperson said.
The budget carrier is operating with a reduced number of planes amid financial, legal and lessor woes. Currently, it has an operational fleet of around 22 aircraft.
A total of 150 cabin crew members will be sent on leave without pay for three months, an airline spokesperson said on Thursday.
Earlier in the day, aviation regulator DGCA said the airline has been placed under enhanced surveillance.
"SpiceJet has made the difficult decision to temporarily place 150 cabin crew members on furlough for three months.
"This step has been taken in response to the current lean travel season and the reduced fleet size, with the long-term stability of the organisation in mind," the spokesperson said in a statement.
During this furlough period, the spokesperson said the cabin crew members will continue to retain their status as employees of SpiceJet, with all health benefits and earned leave intact.
The airline is looking to raise funds to boost its financials.
"As we work toward enhancing our fleet following the upcoming qualified institutional placement (QIP), we look forward to welcoming our crew members back to active duty," the spokesperson said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Filatex Fashions
- 1.16 ( -4.13)
- 36998716
- Vodafone Idea L
- 16.31 (+ 2.19)
- 28109325
- GTL Infrastructure
- 2.69 ( -1.10)
- 24618119
- InterGlobe Aviation
- 4,758.95 ( -2.06)
- 23841246
- Rajnish Wellness
- 4.70 ( -4.86)
- 20468909
MORE NEWS
Welspun Living Shares Drop After Family Trust...
Balkrishan Goenka's family trust sold a 3.9% stake in Welspun Living for Rs 781 crore,...
DoT Drops Penalty Clause on Interception Rule
The Department of Telecom has dropped the penalty clause on telecom entities for...
![SpiceJet...](https://im.rediff.com/80-80/money/2016/jul/13airline11.jpg)
SpiceJet Furloughs 150 Cabin Crew for 3 Months...
SpiceJet furloughs 150 cabin crew members for three months due to financial headwinds...