Jet debt concerns: Airline asks junior pilots to take 30% cut or leave

Out of Jet's total debt of around Rs 9,000 cr, Rs 2,800 cr is related to aircraft acquisition

Jet Airways has asked its junior pilots to take 30 per cent salary cut or leave the organisation in a cost-saving exercise.

Jet, which is facing pressure on profitability, is implementing a new work pattern for 150 juniormost pilots who joined the airline last July. Under this, the pilots will be offered 10 days’ leave and will be paid for 20 days only in a month. This will be implemented on an interim basis from August 1, the airline informed its pilots.

The airline has 1,700 pilots. “Certain developments in the market, including that of the Gulf region, and our continued efforts