InfoAnda - Jet Airways disrupted as pilots 'report sick'

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Jet Airways disrupted as pilots 'report sick' AFP - Wednesday, September 9 MUMBAI (AFP) - - Flights on India's second-largest private airline, Jet Airways, were disrupted on Tuesday after a number of pilots went on what the company called a "simulated strike" and reported sick. ADVERTISEMENT A Jet spokeswoman said nearly 120 flights around the country, including 35 from the financial hub Mumbai and 18 from New Delhi, were cancelled as a result of the action, which Jet Airways said was a "planned sabotage of operations". Another 16 international flights were cancelled. The move would "damage the airline's operations and inconvenience the travelling public," the statement added. Jet shares dived as much as 13 percent or 33.45 rupees to a day's low of 221.8 in early trade Tuesday after the strike, but later recovered to 258.00 on bargain-hunting. The National Aviation Guild, a union claiming to represent 650 of the more than 1,000 pilots at Jet, had been in talks with senior management after the company dismissed two senior pilots last month. Union officials have demanded their reinstatement, calling the dismissal "an act of vendetta" as the pilots had formed a trade union body in the company. Local media said between 350-600 pilots were taking part in the action. Jet Airways said that any strike would be illegal as the dispute had been referred to the regional labour commissioner and conciliation talks were ongoing, with a meeting scheduled for next Monday. A strike had been planned for Tuesday but was called off on Monday. In July, Jet reported a huge first-quarter net loss of 2.25 billion rupees (46 million dollars) from a profit in the same period a year earlier, hit by over-capacity and high interest costs. The company, which belongs to former travel agent Naresh Goyal, has been losing ground to new entrants, falling from 48 percent market share at its peak to around 26 percent in July. The airline has put a freeze on recruitment, while pruning executive perks and reducing management salaries. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Sector Snap: Airlines shrug off oil price jumpAP - 1 hour 50 minutes ago Indian, Malaysian consortium to buy Zain stake-KharafiReuters - 1 hour 58 minutes ago Libya's Ghanem not expected to attend OPEC meetingReuters - 2 hours 6 minutes ago Treasury prices drop slightly as stocks riseAP - 2 hours 9 minutes ago Madoff feeder fund settles with MassachusettsReuters - 2 hours 10 minutes ago Enlarge Photo Jet Airways disrupted as pilots 'report sick' Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed New Alzheimer's gene link discovered RBS close to selling off Asian assets: report Hershey considers rival Cadbury bid: report Economy outlook "better" than expected: bankers Giant statues reveal red hat secrets: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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