New Delhi: In an attempt to prevent poaching, low-cost carrier SpiceJetBSE 3.08 % has decided to increase salary of its pilots by flat Rs 1 lakh .
Termed as "loyalty and continuity allowance", the raise comes at a time when 'old' Indian airlines are struggling to retain their pilots and stop them from switching over to either new airlines or Gulf carriers (which give tax-free salaries).
"SpiceJet has over 500 pilots and we raised their salary in one stroke on Thursday to bring them at par with the best in the industry. Pilots from other airlines can come to us," said a senior official. While a co-pilot and captain's monthly package is in the range of Rs 2-2.5 lakh and Rs 5-9 lakh respectively, this amount will go up by a lakh now.
29/09/16 Saurabh Sinha/Economic Times
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Termed as "loyalty and continuity allowance", the raise comes at a time when 'old' Indian airlines are struggling to retain their pilots and stop them from switching over to either new airlines or Gulf carriers (which give tax-free salaries).
"SpiceJet has over 500 pilots and we raised their salary in one stroke on Thursday to bring them at par with the best in the industry. Pilots from other airlines can come to us," said a senior official. While a co-pilot and captain's monthly package is in the range of Rs 2-2.5 lakh and Rs 5-9 lakh respectively, this amount will go up by a lakh now.
29/09/16 Saurabh Sinha/Economic Times
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