New Delhi: Air India has a new hands-on operations head, but his terms are not yet set, putting a big if on whether he is in or not.
A month after the formal announcement that he would be the first Chief Operating Officer (COO) of Air India, Gustav Baldauf has arrived in India to negotiate his remuneration package and other details with the company’s top brass.
Baldauf was at the Air India (AI) headquarters at Nariman Point in Mumbai last week where he met senior airline officials including some board members. “.. he met the company’s Chairman and Managing Director (CMD) Arvind Jadhav, who will be negotiating with Baldauf his package,” a senior official said on condition of anonymity.
Both sides are expected to bargain hard with Baldauf retaining the right to turn down the offer if it doesn’t suit him. Air India’s board will call the shots on the three-year contract extendable by another two years based on performance.
Sources connected with the development said Baldauf could be offered anywhere between 3 to 4 lakh euros (Rs. 1.74 – 2.32 crore) per annum. “This would be his cost-to-company, which would include perks such as a house and a car. Expat pilots flying our Boeing 777’s are paid between $ 10,000 – 11,000 (Rs 4.5 – 5 lakh) per month,” the official said.
Senior officials said it would be a setback for the airline if Baldauf turned down the offer.
09/05/10 Tushar Srivastava/Hindustan Times
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment