Jet Airways 777 wet lease...
Thread Starter
Jet Airways 777 wet lease...
Rumoured that Jet Airways India are about to wet-lease 4 X 777-300ER's to an undisclosed Gulf carrier, mention of either Qatar or Gulf Air, any info from anyone in those airlines, also 3 X 777's going to Turkey on a wet lease....
Join Date: Jan 2007
Location: Near Iranian Border
Posts: 154
Likes: 0
Received 0 Likes
on
0 Posts
Could be EY as JH and Naresh Goyal are good pals and EY is awash with AUH money.
Yes I have heard and read times are bad in India at the moment. BRU-BLR is to be suspended just weeks after ops have started and one of the Indian news channel was talking about 20% cut in salary for anyone making 100,000 rupees per month ($2000).
Yes I have heard and read times are bad in India at the moment. BRU-BLR is to be suspended just weeks after ops have started and one of the Indian news channel was talking about 20% cut in salary for anyone making 100,000 rupees per month ($2000).
Join Date: Feb 2006
Location: hong kong
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
I am reliably informed by an old colleague, that despite the ship sinking, the Expat crews are not being able to jump to Air India. Apparently there must be a 6 month period from leaving one Indian carrier before joining another. Jet Airways are refusing to facilitate this. Thus the Expats are consigned to the scrapheap after some 6 months wet-lease, as opposed to joining Air India who have 777's standing expensively idle for lack of crews.
Anyone know what's going on over there?
Anyone know what's going on over there?
Join Date: Nov 2004
Location: Ireland
Posts: 272
Likes: 0
Received 0 Likes
on
0 Posts
Very possible Dragon, the Indian carrier must issue a NOC (No Objection Certificate) to the pilot before he can work with another Indian carrier within 6 months. It came out originally to stop local pilots swopping airlines given some were being poached due to the shortage at the time.
It's ironic that the airlines with the political clout to convince the DCGA to bring in this system would have been Air India and Indian airlines, whos pilots were being tempted away by the private carriers.
It's ironic that the airlines with the political clout to convince the DCGA to bring in this system would have been Air India and Indian airlines, whos pilots were being tempted away by the private carriers.
Last edited by bear11; 25th Nov 2008 at 09:01.
Join Date: Mar 2005
Location: Europe
Posts: 25
Likes: 0
Received 0 Likes
on
0 Posts
As stated above 3 x B777's will be wet leased for a period of 6 months by Turkish Airlines with an option of 5 x B777's dry leased to Turkish after the 6 months is up. In the meantime Turkish will train its crews.
Join Date: Mar 2001
Location: The Palm
Posts: 702
Likes: 0
Received 0 Likes
on
0 Posts
Jet to phase out expatriate pilots
Somehow related:
The Statesman, Tuesday, November 25, 2008
Mumbai: Giving in to the overwhelming demand of getting rid of expatriate pilots as early as it can the Jet Airways management today agreed to do so but in a phased six month retrenchment plan.
However, the management has its way in convincing non-pilot employees to take “voluntary” five to 25 per cent pay cut since the largest private airline of the country could not afford to bear the annual wage bill of over Rs 2,000 crore.
Jet has decided to limit expatriate pilots’ flying hours to 75 per month. Compared with the strength of 750 Indian pilots the expatriates are about 240 and draw 50 per cent more wages than their native counterparts. The airline has a total workforce of about 15,000 employees. Chairman Mr Naresh Goyal over a month ago wanted to lay-off around 2,000 probationers but had to face strong opposition from the employees as well as the government. Mr Goyal withdrew his “arbitrary” orders. Foreigners have been flying mostly Jet’s 737 fleet. Recently about 27 of them had been retrenched.
The company is desperately seeking to cut operational cost to minimise its losses which are said to be mounting minimum Rs 8 crore to 10 crore per day. The company suffered due to recession in the aviation industry as well as increase in fuel prices.
The Statesman, Tuesday, November 25, 2008
Mumbai: Giving in to the overwhelming demand of getting rid of expatriate pilots as early as it can the Jet Airways management today agreed to do so but in a phased six month retrenchment plan.
However, the management has its way in convincing non-pilot employees to take “voluntary” five to 25 per cent pay cut since the largest private airline of the country could not afford to bear the annual wage bill of over Rs 2,000 crore.
Jet has decided to limit expatriate pilots’ flying hours to 75 per month. Compared with the strength of 750 Indian pilots the expatriates are about 240 and draw 50 per cent more wages than their native counterparts. The airline has a total workforce of about 15,000 employees. Chairman Mr Naresh Goyal over a month ago wanted to lay-off around 2,000 probationers but had to face strong opposition from the employees as well as the government. Mr Goyal withdrew his “arbitrary” orders. Foreigners have been flying mostly Jet’s 737 fleet. Recently about 27 of them had been retrenched.
The company is desperately seeking to cut operational cost to minimise its losses which are said to be mounting minimum Rs 8 crore to 10 crore per day. The company suffered due to recession in the aviation industry as well as increase in fuel prices.
Join Date: Feb 2002
Location: Somewhere nice and warm
Posts: 402
Likes: 0
Received 0 Likes
on
0 Posts
One of the reasons also why expat pilots are very expensive at 9W is that the company also pays their taxes. I have heard they can cost the company over $16,000/month. Many of the expats fly the B777s. So if they are wet-leased, I assume they will move with the aircraft to whichever airline that will be leasing them and some may stay there if the wet lease is converted to a dry lease.
