a major point which most of the posts have missed is the depreciation of the Indian rupee vs the USD . All expats are paid in dollars also all lease cost are in dollars. The recent fall in the rupee was one of the decision for 9W to let go of the expats.
True statement... the Rupee against the USD has gone from about 44 to about 57.5 in just 2 and a half years. That's 30 percent
. The Pay Slip for May reflected a ROE of 54.62. ROE increased to 56.455 on June 15th When the salary was credited to the bank accounts. That translated to about a average 300 dollar loss to the expats... if all the Rupees paid into their bank accounts were transferred overseas.
...Don't get misled by all the anti expat sentiment ..the jet management loves the expats...and the chairman n goyal is still in awe of the white skin man...the decision to let go of the expats was taken by also an expat the CEO Nikos ( who is Greek ).
Spot on...
The decision by Jet management to terminate the contracts of the expats was strictly business and not personal.
Also the expats are proving very expensive for Indian carriers e.g their taxes are paid by the airlines or the fact due to commuting contracts they (expats) work only 2/3rds of the year or the fact DGCA takes a long time to process their permits .
Statement not exactly true or complete. Most expats will fly their 1,000 hour limit. Many expats would remain on station, at their option, so they can fly 2 full months to avail themselves of overtime pay. Also it should be noted that many local skippers, before the austerity program, flew an average of 40 to 60 hours per month while their counterparts flew an average of 120 hours per month. That means you've got two people on full payroll doing the work of one employee... or twice the expense.
Its no secret that the Indian Government wants to see the private carrier disappear. They want Air India to dominate the Indian Skies. That said, they are solely responsible for the delay in FATAs and work permits. They will continue to use their authority to abuse their laws on their books to see that the private carriers go away.