Jet Airways' pilots union NAG says endeavoring to assist the airline in facing the current challenges
However, Jet Airways CEO Vinay Dube, on Friday, described reports that the airline cannot fly beyond 60 days as "incorrect and malicious".
As part of cost reduction efforts, the full-service carrier has asked its employees, including pilots, to take steep pay cuts, sources had said.
Against the backdrop of concerns over salary reductions and possible job losses, the airline, on Friday, said it was working to have a competitive cost structure.
"We are endeavoring to assist our company in facing these challenges by meeting with the management and being a part of the solution in achieving cost efficiencies and enhancing our service standards," the National Aviator's Guild (NAG) said in a communication to its members.
"Fuel costs are on the rise, the rupee is at an all-time low and low fares are among the factors contributing to the challenges faced by all airlines today," it added.
While emphasizing that the NAG is confident of the airline's sustainability in short as well as the long-term, it asked members not to fall prey to rumors and baseless speculations.
Earlier this week, the top management had told staff that the airline might be left with revenues only to operate for not more than 60 days unless cost-cutting measures are implemented.
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