Business Standard

Top headlines: KKR to invest in Hero's RE arm; CEA pegs FY23 growth at 7%

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

Chief Economic Adviser Dr. V Anantha Nageswaran
Premium

Chief Economic Adviser Dr. V Anantha Nageswaran

BS Web Team New Delhi
SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

The airline has been making losses the past four years. Moreover, it is currently operating less than 50 per cent flights, following the July 27 order of the Directorate General of Civil Aviation (DGCA) in the wake of a spate of incidents. Read more

CEA says India poised to grow at 7% this year and for rest of decade

India’s economy is well poised

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 20 2022 | 5:41 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com