I hope the outgoing Air India management will guarantee the staff the late payment before the transfer of Tata, says IPG

Photo: PTI

Air India employees are expected to pay dues

New Delhi. The Indian Pilots Guild (IPG), one of Air India’s pilot unions, has expressed hope that the current management will ensure that employee dues are properly settled before the new owner of the airline goes to Tata Sons. In a letter to Air India’s CMD, the Guild told Ravinar that it is “optimistic” about starting over with the new owners of the airline. The letter also urged the existing administration not to “exploit” the employees. The Guild said the exploitation could lead to mass protests and industrial unrest.

According to the IPG, a monthly stopover subsistence allowance (LSA) was provided for the captain and co-pilots under the 2006 salary agreement. Over the years, 25 percent of this amount was withheld, which is still there. pending. Additionally, overtime pay under this wage agreement has also been withheld for a long time, the Guild said. Furthermore, in 2012, a 25 percent pay cut was imposed on all employees incorrectly and unilaterally.

At the end of last month, the central government signed an agreement to sell Air India to Tata Sons for 18 billion rupees. Air India had a total debt of Rs 61,562 crore as of August 31 this year. According to the agreement, 75 percent of this debt or Rs 46,262 crore will be transferred to a special entity Air India Asset Holdings Pvt Ltd. AIAHL) will be transferred. Only then will the Tata group be given control of the deficit airline. Tata will not be able to retain control of Air India’s non-core assets such as Vasant Vihar Housing Colony in Delhi, Air India Building at Nariman Point in Mumbai and Air India Building in New Delhi. Of the 141 Air India aircraft that Tata receives, 42 are leased aircraft, while the rest 99 are Air India’s own aircraft. ”


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