SpiceJet shares fell over 4 per cent on Wednesday after the company said it has asked 80 of its pilots to go on leave without pay for three months.
Shares of the company closed at Rs 41.85, down 4.01 per cent on the BSE. During the day, it fell 4.24 per cent to Rs 41.75.
The Gurugram-headquartered airline on Tuesday said the move is a temporary measure to rationalize costs.
The budget carrier said, “This measure, which is in line with SpiceJet’s policy of no layoffs, which the airline has consistently followed during the peak of the COVID pandemic, rationalizes the strength of the pilots vis–vis the aircraft fleet.” will help create,” the budget carrier said. in a statement.
The pilots who were forced to go on leave without pay are from the airline’s Boeing and Bombardier fleet.
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