You are here: Home » Companies » News
TerraPay, NPCI collaborate for merchant payments via UPI-enabled QR codes
Business Standard

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

SpiceJet | DGCA | Pilots

Deepak Patel  |  New Delhi 

The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)
After sending about 80 pilots on leave without pay for three months, SpiceJet said on Thursday it will increase the salaries of its remaining senior pilots by 20 per cent from October.

After sending about 80 on leave without pay for three months, said on Thursday it will increase the salaries of its remaining senior by 20 per cent from October.

Demand for senior has increased as new carrier and revamped are willing to pay high salaries to hire them.

airline has been reporting losses for the past four years. It has operated less than 50 per cent of its flights since July 27, as per the order of the Directorate General of Civil Aviation (DGCA) in the wake of safety violations.

"Keeping with our commitment of increasing salaries in a calibrated manner as our business improves, the salary for the month of October will see an increase of around 20 per cent for our captains and senior first officers," said Gurcharan Arora, senior vice president--flight operations, SpiceJet, in an email to pilots.

He said the carrier is working to increase the base salary of its pilots. "The salary that our line captains received last month saw an increase of six per cent."

has received approval for a loan under the government's ECLGS (Emergency Credit Line Guarantee Scheme) scheme. "The first tranche (of loan under the ECLGS) of the payment has already been received and the second tranche is expected very soon. Our management is working to raise an additional $200 million," Arora said.

In a statement earlier this week, the airline had said that it will induct more 737 Max aircraft shortly and then the pilots, who have been sent on leave without pay for three months, will be back in service.

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21, and FY22. It incurred a loss of Rs 729 crore in Q1 of FY23.

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, September 22 2022. 13:54 IST