Days before it resumes service, low-cost carrier GoAir has revised the salary structure of its senior pilots, many of whom will see a cut of over 50 percent in their pay.
For a few, depending on their flying hours, the cut could be as much as 65 percent. For instance, a senior captain could see his monthly gross salary plummet to Rs 2.5 lakh from over Rs 7 lakh.
This is probably among the steepest salary cut seen in the industry till now.
Along with the cut, the airline has also done away with some benefits, including variable allowance for flying more than 70 hours a month, deadhead allowance and incentive given during a layover.
Deadhead is when a crew or pilot travels to a destination to assume duty. He or she doesn't work on that flight.
In early May, GoAir promoters Nusli and Jeh Wadia had written to employees, stating that the airline has paid salaries to 40 percent of its employees, and the rest will be paid on a graded and deferred basis.
Moneycontrol has reached out to the company for a response, and the story will be updated once the carrier replies.
The steps come just a few days before GoAir resumes operations, on June 1. It was the only airline not to restart services on May 25.
While the airline said it was ready to resume operations, it had said: "GoAir awaits clarity on the readiness of the respective states and their airports with regard to acceptance of flights, or the conditions applicable to passengers entering the respective states."
30/05/20 Prince Mathews Thomas/Moneycontrol.com
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For a few, depending on their flying hours, the cut could be as much as 65 percent. For instance, a senior captain could see his monthly gross salary plummet to Rs 2.5 lakh from over Rs 7 lakh.
This is probably among the steepest salary cut seen in the industry till now.
Along with the cut, the airline has also done away with some benefits, including variable allowance for flying more than 70 hours a month, deadhead allowance and incentive given during a layover.
Deadhead is when a crew or pilot travels to a destination to assume duty. He or she doesn't work on that flight.
In early May, GoAir promoters Nusli and Jeh Wadia had written to employees, stating that the airline has paid salaries to 40 percent of its employees, and the rest will be paid on a graded and deferred basis.
Moneycontrol has reached out to the company for a response, and the story will be updated once the carrier replies.
The steps come just a few days before GoAir resumes operations, on June 1. It was the only airline not to restart services on May 25.
While the airline said it was ready to resume operations, it had said: "GoAir awaits clarity on the readiness of the respective states and their airports with regard to acceptance of flights, or the conditions applicable to passengers entering the respective states."
30/05/20 Prince Mathews Thomas/Moneycontrol.com
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