Business Standard
Saturday, Feb 18, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

AI gives two-fold salary hike to officer cadre cabin crew
Press Trust of India / Mumbai Jun 02, 2009, 20:07 IST

Air India has given a two-fold increase in the salaries of its executive (officer grade) cabin crew to Rs 2.25-lakh, with retrospective effect from June 1, 1997.

The move is likely to put an additional burden of Rs 170-crore annually at a time when the airlines were making losses due to economic slowdown.

"The NACIL (the holding company of Air India) management has signed a wage accord with its Cabin Crew Officers Association for the period of 1997-2007, assuring them of full benefits with back wages for the past 15-years," a source told PTI today.

The average package of these officers after this accord would reach about Rs 2.25-lakh per month from around Rs 1 lakh which they draw presently, the source said, adding, around 900 officers will benefit.

The agreement came at a time when the Chairman and Managing Director Arvind Jadhav has stressed the need for belt tightening in the airlines.

The package includes enhanced flying allowances and wages as well as guaranteed executive class tickets on duty and on leave, the source said.

"The union has also managed to get a one-time special promotion to the senior manager and deputy general manager grades with retrospective effect from 1997," he said.

The association, on its part, has agreed that the officer grade cabin crew would follow Duty Time Limits and Reset Time Off as stipulated by the regulator, Directorate General of Civil Aviation, the source said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Weekly: Indices surge 3% led by rate sensitives
- Gold war in Pakistan highlights investment risks
- Citigroup whistleblower: I have no regrets
- China home prices fall for 4th month on curbs
- 'Cong will meet same fate in Goa polls as in BMC'
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- T N Ninan: Saving Mumbai
- Aditi Phadnis: The battle lines for Behenji
- Nissan mulls to launch its top-selling electric car in India
- Kingfisher suspends Kolkata flights
- Deepak Lal: Rights, stakes and Newspeak
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us