Go Airlines India Ltd it plans to raise captains’ salaries by Rs 100,000 ($1,211) a month and Rs 50,000 for first officers as it tries to salvage its operations after filing for insolvency on May 2.
The additional pay, which the airline calls retention allowance, will go into effect June 1, according to an email to pilots seen by Bloomberg News. It will also be offered to those who have left the company but are willing to withdraw their resignations by 15 June. Go first two years ago, it announced it would soon also reintroduce a “longevity bonus” for long-serving staff.
Go captains currently earn around Rs 530,000 a month on average, according to AmbitionBox data, compared to Rs 750,000 for SpiceJet Ltdwhich has increased wages twice in recent months.
Last week, the Indian aviation regulator gave Go Aria 30 days to submit a revival plan, including details on how many pilots it has.
“If things sort themselves out according to the current progress plan, it won’t be long before we’re flying again, which will also allow us to be regular in paying salaries,” the airline said in the email. to the pilots.
A company representative did not respond to a request for comment.
Aviation is facing a global staffing shortage as the world emerges from the pandemic. India’s largest carrier, IndiGo, aims to hire 5,000 workers in fiscal year 2024, while Air India Ltd. plans to add more than 4,200 cabin crew and 900 pilots this year.
The additional pay, which the airline calls retention allowance, will go into effect June 1, according to an email to pilots seen by Bloomberg News. It will also be offered to those who have left the company but are willing to withdraw their resignations by 15 June. Go first two years ago, it announced it would soon also reintroduce a “longevity bonus” for long-serving staff.
Go captains currently earn around Rs 530,000 a month on average, according to AmbitionBox data, compared to Rs 750,000 for SpiceJet Ltdwhich has increased wages twice in recent months.
Last week, the Indian aviation regulator gave Go Aria 30 days to submit a revival plan, including details on how many pilots it has.
“If things sort themselves out according to the current progress plan, it won’t be long before we’re flying again, which will also allow us to be regular in paying salaries,” the airline said in the email. to the pilots.
A company representative did not respond to a request for comment.
Aviation is facing a global staffing shortage as the world emerges from the pandemic. India’s largest carrier, IndiGo, aims to hire 5,000 workers in fiscal year 2024, while Air India Ltd. plans to add more than 4,200 cabin crew and 900 pilots this year.
