Vijay Mallya-promoted Kingfisher Airlines is all set to cut 300 jobs. It would also return additional aircrafts to reduce the expenses. The move by the company indicates the turmoil in the aviation sector.

It is recalled that Kingfisher Airlines has started its international operations in last fortnight. The move is part of the cost savings and restructuring plans of the company. The carrier has already returned two redundant aircrafts. The company has total of 86 aircrafts at present.

The airline company organised special program to counsel employees for their future career path selection and progression. The company would also offer all outgoing employees, a severance package equal to two months gross salary.

Kingfisher operates 424 domestic flights and two international flights. It also intends to restructure its international operations.