Is Air India on strike?

Is Air India on strike?

KOCHI: The Air India Express Employees’ Union has called off the indefinite strike after the new management of Air India Express (AIE) agreed to renew the contract of the cabin crew for five years, which had been reduced to one year by the previous management.

Is Air India running in loss?

While, Air India had reported losses of ₹9,373 crores in 2020-21, Alliance Air reported losses of ₹440 crore during the period. Air India Express reported a profit of ₹184 crore during 2020-21, according to data from the Ministry of Civil Aviation (MoCA).

What happened Air India staff?

On June 1st, Air India rolled out a voluntary retirement scheme (VRS) for some of its permanent employees who have reached the age of 55 or have completed 20 years in the company. The scheme covered almost 3,000 employees and aimed to reduce the headcount of the workforce.

Will Air India revive?

Tata Sons’ and Air India chairman N Chandrasekaran has said the new owners will step on the gas in its initiatives to revive the airline, working on various aspects from better customer service to new planes to higher degrees of digitalisation at the back end.

Who is buying Air India?

The Tata group

January 27, 2022 | Press Release. The Tata group today announced the completion of the transaction for the purchase of Air India from the Government of India. The Tata group takes over management and control of the airline, starting today.

What is the problem with Air India?

Air India also had about Rs 15,000 crore excess liabilities towards unpaid fuel bills and other operational creditors. But as Air India takes off to reclaim its lost glory under the Tata Group, it will face turbulence in the form of major challenges that need to be addressed.

Will Air India employees get free tickets?

Air India gives free/concessional passes and medical benefits (reimbursements) to its employees. This continues even after they retire. These facilities are given to the husband and wife and parents (even if parents are not dependent on them).

Do Air India employees get pension?

On Wednesday, in a communique sent to employees, the airline said that according to the existing regulations of Air India, permanent employees can avail of voluntary retirement if they are of 55 years of age or more and they have worked in the carrier for 20 years, reported by PTI.

Is Air India acquisition complete?

Reportedly the airline, under Tatas, has firmed up plans to address passengers as guests and also play recorded message by Ratan Tata. After 69 years of being run as a government entity, Air India finally goes back to the Tata Group on Thursday. “We are delighted that the disbursement is completed.

Will Air India improve under Tata?

Air India’s load factor improves to 80% under Tata group management | Business Standard News.

Why Air India is sold?

Air India “suffered for its inconsistent service standards, low aircraft utilisation, dismal on-time performance, antiquated productivity norms, lack of revenue generation skills and unsatisfactory public perception”, according to Jitender Bhargava, a former executive director of the airline.

Who will pay Air India’s debt?

Tata Group
Tata Group was in October last year announced as the winning bidder for Air India with a bid amount of Rs 18,000 crore. Tatas have paid Rs 2,700 crore cash and taken over Rs 15,300 crore of the airline’s debt.

Who is responsible for Air India loss?

Air India was sunk deep into debt due to some unlikely decisions made by the UPA government, and several ministers abusing their power. Air India, which is the flag carrier airline of the country, was recently auctioned off by the Indian government and bought by Tata Sons for a whopping sum of Rs 18,000 crore.

What are the reasons for failure of Air India?

Faulty decisions on aircraft purchases, self-interest of CMDs, failed marriage with IA, among reasons for Air India’s downfall. Air India, the national carrier of India, is now sold back to Tata group, reportedly for ₹18,000 crore, 20 per cent over its reserve price plus aircraft debt of ₹15,300 crore.

Does Air India have pension?

Can govt employee travel other than Air India?

As per Ministry of Finance, Department of Expenditure OM No. 19024/1/2009-E. IV dated 13th July, 2009 for sectors which are not connected directly by any of the airlines, an employee must travel by Air India upto the nearest hub.

What is the salary of Air India?

How much does Air India pay? Air India pays its employees an average of ₹453,026 a year. Salaries at Air India range from an average of ₹186,949 to ₹1,819,869 a year.

What is the salary of ground staff in Air India?

Average Air India Ground Staff salary in India is ₹ 2 Lakhs per year for employees with less than 1 year of experience to 6 years. Ground Staff salary at Air India ranges between ₹ 0.3 Lakhs to ₹ 3.4 Lakhs per year. Salary estimates are based on 25 salaries received from various employees of Air India.

How good is Air India now?

Air India is Certified as a 3-Star Airline for the quality of its airport and onboard product and staff service. Product rating includes seats, amenities, food & beverages, IFE, cleanliness etc, and service rating is for both cabin staff and ground staff.

Is Air India better after Tata takeover?

Data from the Directorate General of Civil Aviation (DGCA) show that there has been a marked improvement in key operational parameters of Air India after the Tata group took complete control of the national airline in January.

Who will pay Air India debt?

Why Air India has been sold?

What is the share price of Air India?

Price and Volume

Why is Air India being sold?

Do retired Air India employees get pension?

Under the EPF Act which is now covering Air India, a guaranteed minimum pension of ₹1,000 will be available to employees and to family and dependents in case of death of an employee. An assured insurance benefit in case of death of a member will be available in the range of minimum ₹2.50 Lakh and a maximum ₹7 Lakh.