Delhi: Go Airways India plans to boost salaries of captains by Rs100,000 ($1,211) a month and by Rs50,000 for first officers because it tries to salvage its operations after submitting for insolvency on Could 2.
The extra pay, which the airline calls a retention allowance, will come into impact on June 1, in accordance with an electronic mail to pilots seen by Bloomberg Information. It can even be supplied to those that have left the corporate however are prepared to withdraw their resignations by June 15. The airline, which rebranded as Go First two years in the past, stated it should additionally quickly reintroduce a “longevity bonus” for long-serving workers.
Go’s captains at present earn about Rs530,000 a month on common, in accordance with knowledge on AmbitionBox, in contrast with Rs750,000 at SpiceJet, which has elevated wages twice in latest months.
Final week, India’s aviation regulator gave Go Air 30 days to submit a revival plan, together with particulars on what number of pilots it has.
“If issues form up as per the current progress plan, it gained’t take lengthy earlier than we can be flying once more which may even allow us to be common on wage funds,” the airline stated within the electronic mail to pilots.
A consultant for the corporate didn’t reply to request for a remark.
The airline, on Sunday, introduced a contemporary spherical of cancellations till Could 30, 2023.
Aviation is dealing with a scarcity of workers globally because the world emerges from the pandemic. India’s greatest service IndiGo goals to rent 5,000 staff in fiscal 2024, whereas Air India plans so as to add greater than 4,200 cabin crew and 900 pilots this 12 months.