by vikash(iipm delhi)

1. HR ISSUES
 JOB CUTS -pink slip to 1000 of its employees,
all probationary and temporary workers, across
all categories and departments by Jet AIRWAYS
 30-day compensation package
 Retrenched Jet Airways staff staged protests in
Mumbai and Delhi
 800 cabin crew &137 co-pilots by Kingfisher
 SALARY REDUCTION of trainee pilots by
Kingfisher

2. Why did this alliance take place?
 global financial slump & surge
in oil prices
 Declined demand
 Each Jet and Kingfisher were
losing up to Rs 10 crore daily.
 Banks were not willing to lend money
to the "risky" aviation business.
 cutting flights and laying off staffers dint help
 To save as much as 15 billion
rupees ($309 million)

3. Domestic air travel grew by 40% in 2006 and 30% in 2007. However,
since June 2008 demand has been falling

4. At least 50% share at top six Indian
airports