Jet Airways has started sending expat pilots on leave without pay

Jet Airways has started sending expat pilots on leave without pay, Times of India reports, citing sources. The move is part of a cost-cutting exercise by the new lender-led management – expat commanders are nearly twice as expensive since they need accommodation and flight tickets to their home country frequently. Lessors have grounded nearly two-thirds of Jet’s planes, forcing the carrier to cut flights to nearly 150 from over 600 daily. Meanwhile, Economic Times reports that Jet’s top lender SBI and founder Naresh Goyal have reached out to TPG Capital and Delta Air Lines, respectively, scouting a stake purchase interest.