Forty pilots quit SpiceJet. Auditors doubt airline’s future

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PTI  Mumbai, November 16, 2014

Apprehending an uncertain future for the company, some 40-odd SpiceJet pilots including commanders have quit the airlineduring the past six months, say sources.

The airline auditors in their recent report have cast doubts over the ability of media baron Kalanithi Maran’s budget carrier to run it as a “going concern”.

The airline has reported fifth straight quarter of net losses for the July-September period, at Rs. 310 crore, although it is down from the year-ago period when it had a net loss of Rs. 559 crore.

The losses came down as the airline witnessed a 15% growth in total revenue. For the past fiscal, the airline had reported a record loss of a little over Rs. 1,000 crore.

“The airline is losing its flight crew at a regular interval. In the last six months alone as many as 40 pilots have quit the airline, citing uncertain future,” an industry source told PTI.

The pilots who have parted ways with SpiceJet include the commanders, he said adding that..

Read full story at: Sinking ship 40 pilots quit SpiceJet auditors doubt airlines viability

First Published: 18:50 IST(16/11/2014) | Last Updated: 02:16 IST(17/11/2014)