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Singapore Airlines to let go of 76 expatriate pilots amid business slowdown

Published on Jan 30, 2013 5:22 PM
 
A Singapore Airlines Airbus A380 passenger jet takes off from Zurich airport in this March 21, 2012 file photo. Singapore Airlines (SIA) is letting go of 76 expatriate pilots, who are currently on three-year contracts, to reduce excess manpower amid a business slowdown. -- PHOTO: REUTERS

Singapore Airlines (SIA) is letting go of 76 expatriate pilots, who are currently on three-year contracts, to reduce excess manpower amid a business slowdown. The captains are expected to leave the company by the end of June, SIA said on Wednesday in an announcement on SGX.

A few months ago, the airline stopped renewing the contracts when they expired but a decision has now been made to terminate the agreements earlier, the carrier said.

SIA said the current surplus of pilots is a result of excess capacity and slower than expected growth following the 2008 global financial crisis.

The airline had earlier implemented other measures to address the surplus, such as voluntary no-pay leave and the suspension of cadet pilot recruitment. Pilots employed on fixed-term contracts make up about 4 per cent of SIA's total pilot pool.