Singapore Airlines (SIA) is bringing forward the release of 76 pilots on fixed-term contracts to counter a pilot surplus amid a business slowdown.
The Star Alliance carrier says that the pilots, due to be released at the end of their contracts, will instead be released by 30 June. It adds that pilots on fixed-term contracts represent about 4% of its pilot workforce.
Poor economic conditions in 2009 and 2010 have "resulted in excess capacity and slower-than-expected growth", leading to a surplus of pilots, says the airline.
SIA has already implemented a voluntary unpaid leave scheme for captains and first officers, and suspended its cadet pilot recruitment to deal with the surplus.