Kingfisher Airlines hints at job cuts

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BANGALORE: Kingfisher Airlines is in the process of pruning workforce and the number of expat pilots to offset mounting costs. However, the airline said it would hire more Indian pilots.

“Reducing workforce is an attempt to bring in structural changes without any large-scale layoffs. There are several employees on our rolls whose presence in the organisation will be reviewed,” said Vijay Mallya, chairman, UB Group.
As part of the cost reduction exercise, Kingfisher had cut non-fuel costs to the extent of Rs 530 crore during 2009-10 , compared to the previous fiscal. Kingfisher plans to fly more flights on international routes to take on competition.

“We are looking at applying for more routes. SpiceJet is eligible to fly overseas while Indigo will get the eligibility next year. Before they come in and grab additional bilateral rights, we want to make sure Kingfisher has already secured these rights,” said Mallya at the company’s AGM here on Thursday.

Sanjay Aggarwal new CEO

Sanjay Aggarwal has been appointed CEO of Kingfisher Airlines. Aggarwal had quit as chief executive of SpiceJet after media baron Kalanithi Maran bought a 37.7% stake in the low-cost airline.

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This post was submitted by Remya.

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