 "Chief Economic Adviser Dr. V Anantha Nageswaran")
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
