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SpiceJet hires 500 employees mostly pilots, cabin crew-ground staff from Jet Airways

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SpiceJet, Jet Airways, Low cost carrier, Pilots, Cabin crew, Ground staff, Business news

New Delhi: Low-cost carrier SpiceJet has hired as many as 500 pilots, cabin crew, technical and other ground staff in recent weeks with most of them coming from now-grounded Jet Airways.

 

SpiceJet, Jet Airways, Low cost carrier, Pilots, Cabin crew, Ground staff, Business news

 

“As we expand and grow, we are giving first preference to those who have recently lost their jobs due to the unfortunate closure of Jet Airways. We have already provided jobs to more than 100 pilots, more than 200 cabin crew and more than 200 technical and airport staff,” said Ajay Singh, Chairman and Managing Director, SpiceJet.

 

SpiceJet, Jet Airways, Low cost carrier, Pilots, Cabin crew, Ground staff, Business news

 

He added that SpiceJet will induct a large number of planes soon.

 

SpiceJet hires 500 employees from Jet Airways mostly pilots, cabin crew-ground staff:

 

The airline on Thursday said it would induct as many as 27 planes in a record time of less than two weeks. The low-cost carrier is the second biggest carrier by domestic market share of 13.7 per cent (as on Feberuary, 2019).

 

SpiceJet, Jet Airways, Low cost carrier, Pilots, Cabin crew, Ground staff, Business news

 

It has a fleet of 48 Boeing 737s, 27 Bombardier Q-400s and one B737 freighter.

The Gurgaon-based carrier has fast captured the traffic by aggressively expanding its fleet. Following the fall of rival Jet Airways, it has bagged most of the grounded carrier’s unused slots.

 

SpiceJet, Jet Airways, Low cost carrier, Pilots, Cabin crew, Ground staff, Business news

 

“SpiceJet has got 24 slots compared to 20 of IndiGo,” an airline industry source said.

 

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India rejects Walmart-owned Flipkart’s proposed foray into food retail business.

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The Indian government has rejected Flipkart’s  proposal to enter the food retail business in a setback for Walmart, which owns a majority of the Indian e-commerce firm and which recently counted its business in Asia’s third-largest economy as one of the worst impacted by the global corona virus pandemic.

The Department for Promotion of Industry and Internal Trade (DPIIT), a wing of the nation’s Ministry of Commerce and Industry, told Flipkart, which competes with Amazon India, that its proposed plan to enter the food retail business does not comply with regulatory guidelines — though it did not elaborate, according to a person familiar with the matter.

Rajneesh Kumar, chief corporate affairs officer at Flipkart, told Tech Crunch that the company was evaluating the agency’s response and intended to re-apply.

“At Flipkart, we believe that a technology and innovation-driven marketplace can add significant value to our country’s farmers and food processing sector by bringing value-chain efficiency and transparency. This will further aid boosting farmers’ income and transform Indian agriculture,” he added.

While announcing the plan to enter the nation’s growing food retail market, Kalyan Krishnamurthy, Flipkart Group CEO, said in October last year that the company planned to invest $258 million in the new venture.

Flipkart planned to invest deeply in the local agriculture-ecosystem and supply chain, and work with tens of thousands of small farmers, their associations and the nation’s food processing industry, Krishnamurthy said. The food retail unit would help “multiply farmers’ income and bring affordable, quality food for millions of customers across the country.”

Several e-commerce and grocery firms in India, including Amazon, Zomato and Grofers, have previously secured approval from New Delhi, which currently permits 100% foreign direct investment in food retail, for entering the food retail business.

A Flipkart executive, who did not want to be identified, said they were “at a loss of words” to assess on what ground their application was rejected.

Food and grocery are compelling categories for e-commerce businesses in India as it enables them to engage with their customers more frequently. According to research firm Forrester, India’s online food and grocery market remain significantly tiny, accounting for just 1% of the overall sales.

In the most recent quarterly earnings call, Walmart  said limited operations at Flipkart had negatively affected the group’s overall growth. New Delhi announced one of the world’s most stringent lock downs across the nation in late March that restricted Amazon and Flipkart from delivering in many states and only sell “essential items,” such as grocery and hygienic products.

India maintains the stay-at-home orders for its 1.3 billion citizens, though it has eased some restrictions in recent weeks to resuscitate the economy.

 

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