Published: Sat, April 20, 2019
Markets | By Otis Pena

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Following the suspension of cash-strapped Jet Airways flight operations, SpiceJet Managing Director and Chairman Ajay Singh Friday said that the airline is giving first to those who have lost their jobs due to the closure of Jet Airways.

The Lion Air crash in October and the Ethiopian Airlines crash in March took the lives of 346 people.

More than a month after the second fatal crash of a Boeing 737 Max, the troubled airliner remains grounded to passenger flights around the world.

A group of technical experts appointed by the Federal Aviation Administration has said pilots should get more training about the anti-stall system on the Max, but that training does not need to be done in flight simulators - it could be done on computers or in classrooms.

Canada's call for obligatory training time illustrates the challenges faced by the FAA panel, which includes foreign regulators, in securing a common global blueprint for the ungrounding of the 737 MAX.

Oil prices extend losses as oversupply worries drag
Thursday's oil rally was kept in check, however, by a rise in the USA dollar, which makes crude more expensive for global buyers. Global supply has been tightened further by United States sanctions on OPEC members Venezuela and Iran.

SpiceJet has announced that it will add 27 more planes over the next two weeks to help to fill in the slots left vacant by the grounding of Jet Airways.

Unfortunately for United Airlines, the company is slated to cut down on its forecasts for growth in 2019 due entirely in part to the fact that all 14 of its Boeing 737 Max jets will be grounded for the unforeseeable future.

Westjet Airlines, on the other hand, has yet to comment on the Canadian minister's proposal. CEO Dennis Muilenburg said pilots have completed 120 flights on the jets using the updated software. Despite its indirect silence on the issue, a company spokeswoman said in an email that Air Canada's rival company abides by the country's Transport recommendations.

A Flight Standardization Board, comprised of pilots who fly the 737, said in a draft report released on Tuesday that it reviewed "the modified Maneuvering Characteristics Augmentation System" and concluded simulator-based training is not necessary for pilots who flew the previous version of the 737.

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