Mumbai headquartered airline, Akasa Air has given a hike in pilot salaries for the second time in 2 months. The airline has witnessed a surge in number of pilot resignations in this month.
Akasa Air pilot salaries surge
In August month itself, the airline has witnessed resignation of 19 pilots. This pilots left even wthout serving the notice period. Report from The Hindu Business Line says that these pilots were lured by the offers provided by Air India Express in its ongoing recruitment drive. Both the airlines operates fleet of same aircraft type. Air India Express, which operates the NG type recently started recruiting B737 pilots as it is aiming at delivery of 1st MAX by October this year.
Last month as well, Akasa Air increased pilot salaries because of outflow of pilots to Gulf Countries. Now, the airline has given another hike. In terms of network planning and crew scheduling, it seems that the airline is struggling. It cancelled its flights on various routes recently. Complaints regarding the same are flooding social media.. Enough chatter, now lets have a quick look at the new salary structure.
New salary structure
The airline’s latest salary restructuring includes a monthly loyalty reward of Rs 1 lakh. The company has introduced a long-term incentive of Rs 25 lakh as well. This incentive will be disbursed in three phases – 15%, 25%, and 60%. The company will distribute this amount between the years 2024 and 2026. The intention behind this is to discourage pilots from departing the airline.
The demand of Boeing 737 Captains has been increasing in last few months. Airbus has dominated the narrowbody market segment in India for a decade. But the recent orders from Air India and Akasa Air have given a ray of hope to Boeing to capitalise on India’s vastly growing market. Akasa Air has will now focus more on cabin refurbishment as the airline will not get any aircraft delivery in next few months.
Air India has 190 Boeing 737 MAX aircraft on order. And hence, many cadets are choosing B737 type rating over A320 type rating because of heavy competition.
Source Credits : The Hindu Business Line