Vistara, a full-service carrier, has planned to continue with pay cut for staff till March. The company will do away with the three-day leave without pay for pilots effective from January 1.
“For the pilots, the carrier will implement a 10 percent salary cut while at the same time increase their monthly base flying allowance to 40 hours from 20 hours at present,” – a Vistara spokesperson stated in a statement.
The spokesperson said – “The pay cut scheme at Vistara will continue to be in effect until March 31, 2021, as part of which the Vistara CEO will continue to take the maximum cut of 25 per cent in monthly pay.”
“COVID-19 continues to have an industry-wide impact on business, despite improvement in the operating environment. While we currently deploy nearly 70 percent of our pre-COVID-19 capacity, our operating revenue is still at a significant distance from normal levels,” the statement added.
TATA SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA). Vistara brings together Tata’s and SIA’s hospitality and service excellence to offer the full-service flying experience in India.
Vistara commenced its commercial operations on January 9, 2015, and it today connects destinations across India and abroad. The airline has a fleet of 45 aircraft, including 35 Airbus A320, two Airbus A321neo, six Boeing B737-800NG, and two Boeing B787-9 Dreamliner aircraft, and has flown more than 20 million customers since starting operations.
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.