Business

India`s biggest full-service carrier Jet Airways Ltd has told its pilots the airline may be grounded in 60 days

Pilots who have refused a proposed 15 percent pay cut for two years had been informed that the airline was running out of time to slash costs and raise revenue, the source said.

The company was looking at sales and distribution, payroll, maintenance and other areas for savings to create a “healthier and a more resilient business”, a company spokesman said in a statement.

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