India’s Jet Airways is pursuing a cost-cutting program following the announcement of a major net loss for the quarter ending June 30. The Mumbai-based carrier approved “additional measures to reduce costs and achieve greater efficiencies of operations.” This program will slash more than INR 2,000 crore ($285.8 million) in cost over the next two years. It will cover areas such as maintenance, sales and distribution, debt and interest, and workforce productivity. Among ...

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