Indian Carrier Kingfisher scaling back

by PanAm on September 24, 2008

Indian carrier Kingfisher Airlines is returning some of its leased aircraft and has started to retrench some workers in an effort to cut costs and stem its losses.

The company has also identified 300 employees who will be retrenched shortly but these will be voluntary redundancies, says the spokesman, adding that the retrenched workers will get two months pay for every year of service.

The airline is handing back some of its leased aircraft to “achieve cost savings and rationalisation and operational efficiencies”, says the spokesman, adding that this has taken on greater urgency because of “the ongoing turbulence faced by the aviation industry”.
About 1 month ago Kingfisher started international services to London, Heathrow airport.

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