Monday, May 04, 2020

GoAir has paid 40% employees; will pay others on a graded basis: Nusli, Jeh Wadia to staff

GoAir has paid salaries to 40 percent of its employees, and the rest will be paid on a graded and deferred basis, promoters Nusli Wadia and Jeh Wadia told employees in a joint letter to employees.

The 40 percent is equivalent to 2,500 employees of the low-cost airline.
The promoters also said the airline has been forced to send a substantial portion of employees on temporary leave without pay.

A senior industry executive added that no one has been let go by airline.

"Our Board, Chairman and MD draw no remuneration whatsoever," the two said.

While Nuslie Wadia is the Chairman of the airline, his son Jeh is on the Board. Vinay Dube is the CEO.

Moneycontrol has seen a copy of the mail, sent on May 03.

Like its peers, GoAir has been struggling since the lockdown was announced in March. Even though the government has announced some relaxations in the third phase of the lockdown, flights continue to be suspended. The government, however, as assured that airlines will be given advance notice of flights resumption, to allow bookings.

Without bookings, and under pressure to pay refunds of tickets cancelled, airlines have been forced to cut pay, send employees on leave without pay, and some have also let go of expat pilots.
04/05/20 Prince Mathews Thomas/moneycontrol
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