Key Points
Akasa Air, India's newest airline backed by late billionaire stock broker Rakesh Jhunjhunwala has raised pilots salary by up to 40% as airlines place record orders for aircraft...
Akasas hike will likely set off salary increases at other carriers to ensure they have enough pilots as Indian airlines fastens induction of new aircraft and Gulf carriers embark on a hiring spree..
This is a marked reversal of the pandemic-era aviation squeeze that saw salary cuts and job losses globally...
Sources said that this was done as pilots complained that due to the smaller size of the airline, they are not able to fly for the expected hours which impacts their monthly take-home salary...
The senior management of Air India Express, which is also planning an expansion, held a meeting over the weekend to assure its crew of an improvement in the salary structure, said people with knowledge of the matter...
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