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Monday, 03 June, 2019, 14 : 00 PM [IST]

SpiceJet to hire up to 2,000 Jet staff: Ajay Singh

According to a PTI report, SpiceJet plans to hire up to 2,000 staff, including pilots and cabin crew, of the defunct Jet Airways as the no-frills carrier continues to expand. The airline has taken at least 22 planes that were earlier used by Jet, which temporarily shuttered its operations due to cash crunch in April. “We have taken significant number of people from Jet. They were well qualified ad professional people.We will continue to take more Jet staff in the times to come. We have taken 1,100 people so far. Expectation is that we will go up to 2,000 people. It will be pilots, cabin crew, from airport services, security...,” said Ajay Singh, CMD, SpiceJet. SpiceJet has around 14,000 staff and a fleet of 100 planes. It is the fourth airline after Air India, now defunct Jet, and IndiGo to have 100 aircraft. SpiceJet has Boeing 737s, Bombardier Q-400s and B737 freighters. It operates 575 daily flights on an average to 62 destinations, including nine international ones, he said. 

To a query on whether SpiceJet would look at operating wide-body aircraft that were earlier used by Jet, Singh said the airline is right now focussed on narrow-body fleet. “Having said that we recognise that there are gaps which have been created. They need to be filled and in the longer term, if India is to be a global aviation hub, Indian carriers will have to fly long haul. It can’t be only Air India which flies long haul. 

The models (of business) for us may be different... I am sure every carrier is trying to see what can be done,” he said. On May 28, SpiceJet posted a 22 per cent rise in net profit to INR 56.3 crore in the three months ended March as higher fares helped the airline amid a capacity crunch in the domestic aviation market. Singh said there are no plans to raise funds at the moment, adding that the airline is quite comfortably placed in terms of finances. 

“We are going to expand 80 per cent capacity this year (fiscal). A lot of the capacity is being expanded through the leasing route. Hence, it may not require huge amount of cash and this year we also expect to be significantly profitable. Also, get significant cash flow through sale and lease back. So, we think that we probably don't need to dilute any equity,” he said.
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