Shares of Jet Airways declined nearly five per cent to Rs 29.10 apiece in early trade on the BSE.
Currently, flag-carrier Air India is the only Indian airline flying long-haul international to destinations in Europe and the US.
Before Monday's announcement, IndiGo CEO Dutta took a 25 per cent cut in salaries. For senior vice presidents the pay cut was 20 per cent, for vice presidents it was 15 per cent and for associate vice presidents it was 10 per cent.
India Domestic Flights Fares: Keeping in mind the increase in Covid-19 cases, the Union Aviation Ministry has extended restrictions on domestic flights till November 24, including the cap on airfares.
Air India has four regional offices -- one each for the northern, western, eastern and southern regions. It is not clear if the other three offices, barring the one for the northern region, has formed such panels to identify redundant employees.
The West Bengal government had decided to impose total lockdown across the state earlier this week to check the rapid increase in Covid-19 cases in the past few weeks.
Airlines have attributed the poor air travel demand to passengers’ fear of contracting the virus onboard an aircraft and a flurry of quarantine rules and restrictions imposed by state governments.
The US FAA ordered the inspection on account of these airlines being at the risk of losing power in both engines after being put in storage as a result of flight bans instituted across the world.
On Wednesday, Air India had announced a reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent.
Shares of SpiceJet were trading at Rs 49.90, up 5.16 per cent over its previous close on the BSE.
Airlines are taking extreme measures to survive the pandemic, with Asiana Airlines Inc. flying the world’s biggest commercial plane more than 20 times, going nowhere and carrying no passengers, just to keep trainee pilots certified.
The order, dated July 22, said basic salary and allowances linked to it like industrial dearness allowance (IDA) and house rent allowance (HRA) will remain unchanged.
Besides, the city-based airline also announced the launch 'Online Doctor Consultation' facility in association with MFine, an on-demand healthcare platform.
"From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations," Dutta said in a statement.
"The charges for extra seat will be effectively up to 25% lower than the original booking cost. This offer is effective travel starting July 24, 2020," IndiGo said in a statement.
Puri also said the government has allowed United Airlines and Air France to operate flights from India to their respective countries.
International flights Resume date in India: According to Puri, Air France will operate 28 flights between Delhi, Mumbai and Bangalore to Paris from July 18 till August 1 while United Air will operate 18 flights between Delhi, Mumbai to Newark till 31 July.
In a letter sent to one such trainee cabin crew member on July 6, the airline said, "In view of the current aviation scenario, it would not be possible for Air India to impart any further training to you for engaging your services."
American had 24 Max jets before they were grounded in March 2019. It has orders for 76 more but wants Boeing to help arrange financing for 17 planes for which previous financing has or will soon expire, according to three people who spoke Friday on condition of anonymity to discuss private talks between the companies.
Many Indian nationals who have valid residence permits of the UAE and are currently in India have been complaining on social media for the last few weeks about the lack of flights between the two countries.
Many Indian nationals who have valid residence permits of the UAE and are currently in India have been complaining on social media for the last few weeks about the lack of flights between the two countries. India suspended all scheduled international passenger flights on March 23 due to the coronavirus pandemic.
United told employees Wednesday that not everyone who gets a layoff notice will be furloughed. The company said job losses could be reduced if enough employees accept buyouts or early retirement by a deadline next week.
Sources in the ED said an ECIR (equivalent to an FIR) has been registered against the accused mentioned in CBI’s FIR under relevant sections of the Prevention of Money Laundering Act (PMLA).
Activists from multiple unions protested at Air France headquarters at Paris’ Charles de Gaulle Airport as talks began Friday morning about future job prospects at France's flagship airline.
The CBI on Thursday conducted searches at two locations, in Mumbai and Hyderabad, in connection with the case. Sources said, based on the CBI FIR, the Enforcement Directorate (ED) would soon register a case of money laundering against the promoters of the company.