DGCA just dropped the 6 month notice period, and so the "musical chairs" of airline jobs in India will begin. KF will probably lose the majority to other carriers such as Indigo, Paramount & Spicejet plus to ME airlines as well.
A few Spicejet Capts may leave as well given this scenario. Only time will tell.
One thing for sure, for expats, it's time to think about moving on out in the next 12 months. Best wishes to all in their job quest.