New Delhi: Air India plans to pay its over 20,000 employees their July salaries by tomorrow, a senior airline official said late on Friday.
Accepting that there had been a “slight delay” in paying salaries, the official said that by law the airline is entitled to pay the salaries by the 7th of the month.
“In some months when there are enough funds the salaries are disbursed on the last day of the month while in some others they are given a few days later. This time we received funds to go towards payment of salaries late on Friday evening so the salaries should be credited on Saturday,” the official said.
With the Government starting the process of divestment of the airline, Air India has been finding it difficult to raise funds from banks to meet its financial liabilities.
04/08/17 Business Line
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Accepting that there had been a “slight delay” in paying salaries, the official said that by law the airline is entitled to pay the salaries by the 7th of the month.
“In some months when there are enough funds the salaries are disbursed on the last day of the month while in some others they are given a few days later. This time we received funds to go towards payment of salaries late on Friday evening so the salaries should be credited on Saturday,” the official said.
With the Government starting the process of divestment of the airline, Air India has been finding it difficult to raise funds from banks to meet its financial liabilities.
04/08/17 Business Line
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