A report indicated that many Jet Airways employees including pilots and engineers have joined with the low-cost carrier and top rival SpiceJet with 30-50% cut in salary.
It is interesting to see the contradiction that few months ago many airlines including SpiceJet were queuing up to lure pilots and engineers of Jet Airways with additional offers of bonuses and better perks.
It is learnt that while pilots from Jet Airways are being asked to take salary cuts of 25-30 per cent, engineers have been advised to settle at 50 per cent of their current pay package.
A senior aircraft maintenance engineer who has applied to SpiceJet and Air India Express for a job said that he has got an offer in the range of Rs 150,000 to 200,000 a month while his current cost to company (CTC) at Jet Airways is nearly Rs 400,000 a month.
A senior commander with Jet Airways said that pilots with 4-5 years of experience are going to other airlines as they are feeling the pinch of salary delays.
Saddled with mounting debt and losses, Jet Airways is fighting for its survival. The airline is in gradual descent and staring at closure with nearly 90 per cent of its fleet on the ground.