Retrenchments a minor hiccup, say aviation institutes
New Delhi: Drop in recruitments in the aviation sector is a "minor hiccup" and "the industry will bounce back" in a few months, say leading aviation training institutes here. "The layoff will largely affect individuals. The institute will not be affected much. This is just a minor hiccup in the aviation industry," Sameer Walia, vice-president (communications) of Frankfinn Management Consultants, said on Thursday. India's leading private sector airline Jet Airways on Wednesday announced it would retrench around 1,900 employees to cut operational costs. More than 800 people have already been given the pink slip. Jet's announcement came soon after the company entered into a strategic partnership with rival Kingfisher Airlines. "These airlines will survive. Although I do not know of anything in the contracts, I hope the laid off personnel will be absorbed once the airlines are in a better position. From the current scene, I feel they (airlines) w...