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Air India Pilots Write Letter, Warn Of Industrial Action Over Wage Cut

Air India Pilots Write Letter, Warn Of Industrial Action Over Wage Cut In April, Air India had reduced its pilots salary by up to 70 per cent to partially offset the impact of the coronavirus pandemic on its finances. PTI 24 December 2020 Representational Image PTI 2020-12-24T19:10:48+05:30 Air India Pilots Write Letter, Warn Of Industrial Action Over Wage Cut outlookindia.com 2020-12-24T20:19:12+05:30 Disinvestment-bound Air India s pilot unions have rejected the paltry five per cent rollback in their salary cuts and warned of industrial action if there is no substantial reversal in their paycuts. In a joint letter to Air India Chairman and Managing Director Rajiv Bansal on Thursday, the Indian Pilots Guild (IPG) and the Indian Commercial Pilots Association (ICPA) said, (The) pittance in the form of a five per cent decrease in the current wage cut is an outright insult, its sting magnified in light of our unwavering s

209 Air India employees to bid for 51% stake in the national airline

209 Air India employees to bid for 51% stake in the national airline Post this, the employees are to hold a 51 percent stake in the airline, with their financial partners will acquire the remaining 49 percent. BusinessToday.In | December 14, 2020 | Updated 16:03 IST A group of 209 Air India employees are preparing to bid for Air India and have submitted an expression of interest (EoI) for the national carrier in partnership with a private equity fund.   The bid process is overseen by the current commercial director of Air India, Meenakshi Malik. We have submitted an EoI along with a partner who will give us financial backing, Malik told Business Standard, refusing to reveal any other confidential details.

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