Air India has decided to extend the deadline for pilots to accept the revised compensation structure, despite facing opposition from two unions, according to sources.
This development follows the May 4 town hall meeting organised by the flag carrier where the concerns of numerous pilots were addressed.
The sources revealed that during the meeting, approximately 800 pilots who had not yet agreed to the new compensation structure, were in attendance.
The meeting was presided over by Air India's Chief of Operations, Captain Rajwinder Singh Sandhu, who is also a pilot.
In response to requests from the pilots, who had previously declined the revised compensation structure, the airline has granted an extension until the end of this week to sign the new contracts.
Meanwhile, the two pilot unions -- the Indian Commercial Pilots Association (ICPA) and the Indian Pilots Guild (IPG) -- convened a joint meeting on Tuesday to discuss the airline's revised compensation structure.
According to a source, a significant number of pilots remained resolute in their stance of not signing the new contracts.
Recognising the ongoing deliberations and concerns raised by the pilots, the airline has decided to extend the deadline for pilots to reach a decision regarding the new contracts.
The extended deadline now allows pilots until the end of this week to make their choice, whereas the original deadline for accepting the revised compensation structure was set for April 30.
To address the new service terms and chart the path forward, the unions held a joint virtual meeting, bringing together their respective members.
"The purpose of this meeting was to discuss the revised compensation structure in detail and determine the future course of action," said the sources.
On April 19, the ICPA and IPG had rejected the new pay structure proposed by the airline.
The primary bone of contention is the reduction in the flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair.
The two unions have warned of possible "industrial unrest" if the management goes ahead with the new terms without their consent.
While Air India has stated that it will "continue to engage with the remainder of its staff", the airlines have taken a tough stance on the issue, saying that there were "no recognised unions in Air India."
The pilots' union has instructed its members to reject the new employment conditions and wage structure offered by the management.
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Gautam Adani hails MP's investment readiness, transformative leadership of PM Modi, CM Yadav
Announcing a whopping Rs 1.10 lakh crore investment and creation of 1,20,000 lakh jobs by the end of the decade, India’s top businessman Gautam Adani lauded the transformative leadership of Prime Minister Narendra Modi and Chief Minister Dr Mohan Yadav,
Adani Portfolio's tax contributions reach Rs 58,104 crore for FY 2023-24
The Adani Group's total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year's Rs 46,610.2 crore through its portfolio of listed entities, the company said on Sunday.
Reliance Consumer Products partners with Assam’s established business house, Jericho, to set up a cutting-edge bottling facility
Reliance Consumer Products Ltd (RCPL), a leading FMCG and beverage company, has strengthened the presence of Campa’s portfolio in Northeast India with the inauguration of a new bottling plant in Guwahati, Assam. Developed in collaboration with local partner Jericho,
India poised to stay world’s fastest growing economy in 2025-26: RBI bulletin
High frequency indicators point towards a sequential pick-up in momentum of India's economic activity during the second half of 2024-25, which is likely to sustain moving forward, according to the latest RBI monthly bulletin.
Adani Portfolio clocks highest ever TTM EBITDA of Rs 86,789 crore, core infra biz surges
Led by its core infrastructure business, the Adani Portfolio has delivered the highest-ever trailing-twelve-month (TTM) EBITDA of Rs 86,789 crore, the Adani Group said on Thursday.
India doing well on protecting small investors, corporate governance improved significantly: NSE CEO
India is doing well in protecting small investors while corporate governance has improved significantly amid rapid technological changes, National Stock Exchange (NSE) MD and CEO, Ashishkumar Chauhan, said on Tuesday.
Tesla ramps up hiring in India after Elon Musk-PM Modi meet in US
After the successful visit of Prime Minister Narendra Modi to the US, Elon Musk-run Tesla has ramped up hiring in India, a market where it is slated to enter anytime soon.