Thursday, December 13, 2018

Salary delays causing loan EMI default, stress: Air India pilot body

Air India's union representing narrow body pilots Wednesday alleged a majority of its members were defaulting on bank EMIs due to the salary delays which was also putting them under a lot of "stress".
In a letter to AI chairman and managing director Pradeep Singh Kharola, the Indian Commercial Pilots Association (ICPA) also claimed the loss-making carrier had only partially paid the pilots for October as they were yet to receive the flying allowance, which constitutes 80 per cent of their total monthly salary.
Notably, the flying allowance to the pilots at state- run airline is disbursed after 60 days.
"There is already a backlog of one month flying allowance. This unspecified delay has impaired our financial planning, especially (pilots are) defaulting on loan EMI... majority of us have defaulted on bank loans and credit card payments while the rest had to arrange funds by taking further loans," ICPA said in the letter.
Stating that despite several requests in the past not to bifurcate salary and flying allowance for pilots, the ICPA said, "It (our request) is being ignored. We are awaiting flying Allowance for the work done in the month of October."
12/12/18 PTI/Economic Times