financetom
Business
financetom
/
Business
/
Provide financial support to Air India to clear wage backlog: Pilot unions to govt
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Provide financial support to Air India to clear wage backlog: Pilot unions to govt
May 8, 2020 3:35 AM

Air India's pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to "urgently" provide financial support to the national carrier amid private airlines' cry for a bailout package in the wake of the COVID-19 outbreak.

"The Air India management has not taken paying wages on time seriously for a long time, but as of today, we have a wage backlog of three months, having not been paid full wages since February.

"This is well before the coronavirus crisis began so reduced cash flow cannot be used as an excuse. Even our basic salary, which is a fraction of our wages, is not released on time.

"The management has completely given up saying there is no money and has no plans on when and how they can pay our wages without Government support," the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) said on Thursday in a joint communication to Puri.

Stating that without urgent government financial support and with an "indifferent management" the backlog of wages will continue to grow, the unions said "this situation is simply not sustainable for the national carrier."

"Denial of basic resources for taking care of our families and those depending on us is inexorably leading us to a breaking point.

Also Read:

Air India may operate special flights for people who need to travel abroad

"We therefore request your urgent action to infuse desperately needed funds into Air India at least till such time the privatisation is completed so that we may sustain operations and continue to serve the Nation. This will also ensure the employees maintain their livelihoods," the two unions said.

First Published:May 8, 2020 12:35 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tesla Has First 'Safety Concern' Reported in Austin
Tesla Has First 'Safety Concern' Reported in Austin
Jun 26, 2025
11:21 AM EDT, 06/26/2025 (MT Newswires) -- Tesla (TSLA) appeared for the first time on the City of Austin's Autonomous Vehicle Incident Dashboard for a safety concern incident that occurred in June. The electric-vehicle maker launched its robotaxi service last Sunday in the city, which Chief Executive Elon Musk touted as a success. Price: 326.21, Change: -1.34, Percent Change: -0.41...
Ainos Plans 1-for-5 Reverse Stock Split
Ainos Plans 1-for-5 Reverse Stock Split
Jun 26, 2025
11:26 AM EDT, 06/26/2025 (MT Newswires) -- Ainos (AIMD) will implement a 1-for-5 reverse stock split, aiming in part to support its continued listing on Nasdaq The shares will trade on a split-adjusted basis at the market opening on Monday, the company said Thursday in a statement. Ainos stock fell 9.3% in recent trading. Price: 0.46, Change: -0.05, Percent Change:...
Lilly to launch Mounjaro pen in India as Novo rivalry heats up in mega market
Lilly to launch Mounjaro pen in India as Novo rivalry heats up in mega market
Jun 26, 2025
(Updates paragraph 1, adds details on Novo Nordisk and Eli Lilly ( LLY )) June 26 (Reuters) - India's drug regulator on Thursday approved the launch of pre-filled injector pens of Eli Lilly's ( LLY ) blockbuster weight-loss drug, Mounjaro, giving the company more options to compete with rival Novo Nordisk's recently launched Wegovy. India, the world's most populous country,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved