Singapore Airlines: Will Ask 76 Pilots to Leave Before Contracts
Expire
Singapore Airlines Ltd. (C6L.SG) Wednesday said it will ask 76 pilots to
leave before their contracts expire, as it grapples with surplus crew and slow
business growth.
The pilots are likely to leave by June 30, Singapore Airlines said in a statement. It said it had previously released pilots only when contracts expired.
The airline said it has a pilot surplus because the global financial crisis of 2009-10 left it with excess capacity and slower-than-expected growth. Pilots employed on fixed-term contracts make up about 4% of the 2,350 total.
The pilots are likely to leave by June 30, Singapore Airlines said in a statement. It said it had previously released pilots only when contracts expired.
The airline said it has a pilot surplus because the global financial crisis of 2009-10 left it with excess capacity and slower-than-expected growth. Pilots employed on fixed-term contracts make up about 4% of the 2,350 total.
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