Singapore Airlines Ltd. (C6L.SG) Wednesday said it will ask 76 pilots to leave before their contracts expire, as it grapples with surplus crew and slow business growth.
The pilots are likely to leave by June 30, Singapore Airlines said in a statement. It said it had previously released pilots only when contracts expired.
The airline said it has a pilot surplus because the global financial crisis of 2009-10 left it with excess capacity and slower-than-expected growth. Pilots employed on fixed-term contracts make up about 4% of the 2,350 total. Full story
