Saturday, March 18, 2017

Air Costa grounded, staff without salary since January

The financial crisis plaguing Vijayawada- based Air Costa airlines has come to haunt 600 employees, who have been denied salaries for two months. While promoters of the regional carrier that suspended operations on February 28, assured staffers of clearing January payments by March 15, sources confirm, salaries were not debited. Predictably, the March 25 deadline set for payment of February salaries is unlikely to be met, they said.

Rough estimates suggest salaries worth Rs 2.5 crore for January and Rs 3 crore for February , is currently outstanding. There has been no talk about March payments as yet.

"It has a serious issue. We are still reporting to work, but not getting paid. Worse, there is no communication from promoters," said an employee handling a major station for Air Costa. The employee said: "Dissent is brewing. Also, because many of them are being compelled to face the wrath of passengers while dealing with their problems. How long can they continue living in uncertainty?" Sources say , monthly remuneration of staffers in the firm range between Rs 20,000 and Rs 3.5-4 lakh per month.
18/03/17 Sudipta Sengupta/The Times Of India