Air India is anticipated to declare an increase in salaries for its staff members. The expected increments are likely to be between 8-10 per cent, covering a wide range of employees, such as pilots and cabin crew. This move comes at a time when competition in the industry is increasing.
Additionally, the initial round of salary increases may occur within the next few months, with pilots being the first to receive them. Salary adjustments for cabin crew and other officers will also take place. This move is also expected to bring about equality between Indian and expatriate pilots.
Reportedly, the aviation industry is experiencing a surge in demand, leading to airlines planning expansion, resulting in a higher demand for pilots and cabin crew. The shortage of pilots in the industry has caused airlines to increase salaries as they want to retain talent and avoid losing them to other companies.
Additionally, the airlines are concerned about competition and are making efforts to retain their skilled workforce. In addition, the attractive employment opportunities offered by airlines in the Middle East poses a further challenge for Indian airlines.
According to a report by aviation consulting company CAPA, it is anticipated that Indian airlines will purchase between 1500 to 1700 aircraft within the next 24 months. The report also stated that currently, Indian airlines are operating over 700 commercial planes and have plans to acquire more than 1000 additional planes.
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