Shares of SpiceJet today surged 15% to touch a fresh 52-week high of Rs 152. Meanwhile, Jet Airways shares fell as much as 34% after it shut down all flight operations indefinitely. SpiceJet today said it will induct six more Boeing 737-800 NG aircraft on dry lease. The total number of planes SpiceJet plans to induct in the immediate future now stands at 27. The airline has applied to the DGCA for a no-objection certificate (NOC) to import the planes.
Low-cost carrier Spice Jet is now hiring engineers and pilots from Jet Airways at much lower pay than their current salaries at the financially troubled Jet. Pilots from Jet Airways are being reportedly asked to take salary cuts of 25-30% while engineers have been advised to settle at 50% of their current pay package. Not long ago, many airlines including Spice Jet were luring the same pilots and engineers with joining bonuses and better perks.
SpiceJet on Friday announced it will induct 16 Boeing 737-800 NG aircraft on dry lease to bring down flight cancellations and expand the airline’s international and domestic presence. The airline has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
Nearly 260 Jet Airways’ pilots, who fly the Boeing 737, appeared for an interview conducted by low cost carrier SpiceJet in Mumbai on Wednesday. Among the pilots were 150 captains. SpiceJet also operates the B737. Jet’s pilots, aircraft engineers and senior management have remained unpaid for last three-month. The airline’s pilots have threatened they will stop flying from April 1 unless their dues are cleared or a letter of intent is signed by the management that the same will be cleared.