
AirAsia cuts staff salaries by up to 20 per cent for April
NEW DELHI: AirAsia India has cut the April salary of its staff by up to 20 per cent to tackle the airline’s finances amid the suspension of all commercial services till May 3 due to the lockdown, a source has said.
Those drawing Rs 50,000 per month or less have been spared from the wage cut.
The Bengaluru-headquartered budget carrier is the latest to join the other domestic airlines such as IndiGo, SpiceJet and Vistara, who have already taken similar measures to cut fixed cost amid grounding of their fleet.
“AirAsia India has cut the April salary of its employees by up to 20 per cent. The senior management will take a pay cut of 20 per cent while the wages of the executives falling in others categories have been reduced by 17 per cent, 13 per cent and 7 per cent, respectively,” the source who is privy to the development told PTI.
However, employees who are earning Rs 50,000 per month or less have not been given any pay cut as of now, he said.
AirAsia India spokesperson refused to comment on the developments when contacted.
Source: Press Trust of India
More Stories
Defence Ministry inks contract with Hindustan Aeronautics Limited to procure 6 Dornier aircraft
NEW DELHI: The defence ministry on Friday sealed a deal with Hindustan Aeronautics Limited (HAL) to procure six Dornier aircraft...
Group Captain Shaliza Dhami becomes the first woman IAF officer to get command appointment
NEW DELHI: The Indian Air Force (IAF) has selected Group Captain Shaliza Dhami to take over command of a frontline...
Italy awards Leonardo C-27J Spartan upgrade deal
NEW DELHI: Leonardo and Armaereo, the Italian Defence Ministry’s Air Force Armament and Airworthiness Directorate, have signed a contract which...
Safran, International Golden Group form joint venture in optronics and navigation
NEW DELHI: UAE-based International Golden Group and Safran Electronics & Defense announced the creation of the “Vision for Optronics &...
Airbus wins order for two ACH160 helicopters in India
NEW DELHI: Airbus Corporate Helicopters has won an order for two ACH160 helicopters in India – the first sale of...
Boeing begins MH-139A Grey Wolf Production
NEW DELHI: Boeing will begin production on the first 13 MH-139A Grey Wolf helicopters, following the award of a $285...