The airliner Go Air mulls to raise the salaries of its pilots as it tries to salvage its operations after filing for insolvency on May 2.
According to the report in Bloomberg, the airliner plans to raise salaries of captains by 100,000 rupees ($1,211) a month and by 50,000 rupees for first officers.
“The additional pay, which the airline calls a retention allowance, will come into effect on June 1,” it said.
It added: “It will also be offered to those who have left the company but are willing to withdraw their resignations by June 15. The airline, which rebranded as Go
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First two years ago, said it will also soon reintroduce a ‘longevity bonus’ for long-serving staff.”
“Go's captains currently earn about 530,000 rupees a month on average, according to data on AmbitionBox, compared with 750,000 rupees at SpiceJet Ltd., which has increased wages twice in recent months,” it added.
Last week, the aviation regulator DGCA gave Go Air 30 days to submit a revival plan, including details on how many pilots it has.
Aviation is facing a shortage of staff globally as the world emerges from the pandemic, the report said.
India's biggest carrier IndiGo aims to hire 5,000 workers in fiscal 2024, while Air India Ltd. plans to add more than 4,200 cabin crew and 900 pilots this year, the report mentioned.
