SIA

SIA: Announced it will cut 76 pilots from its payroll by the end of June as part of cost-saving measures. The pilots, who are employed on fixed-term contracts, are being let go before the end of their contracts. SIA currently employs around 2,300 pilots. Note that SIA currently has a surplus of pilots to its operational requirements as the global financial crisis of 2009-10 had resulted in excess capacity and slower-than-expected growth. The airline had previously suspended cadet pilot recruitment and asked pilots to take voluntary unpaid leave.