Airlines
Air India Secures 620,000 Sqft in Gurgaon for Training Hub
The training centre of Tata-owned Air India is located in Sector 75 of Gurgaon, and it occupies approximately 620,000 square feet.
According to documents obtained by real estate data analytics company CRE Matrix, Air India has signed a lease agreement to occupy commercial space spanning 6.2 lakh square feet in Gurgaon’s E-Innovation Centre, Sector 75, at an annual rent of more than ₹90 crore for 21 years.
Starting at ₹2.40 lakh per month, the rent includes a ₹14.40 crore security deposit. The documents indicated that a stamp duty of ₹3.89 crore was paid for the transaction. On October 18, the lease deed was registered.
Additionally, the airline has leased a space totaling 2.66 lakh square feet for ₹2.85 crore per month and ₹48.04 crore annually. For the transaction, it has paid a ₹17.10 crore security deposit. On October 18, 2023, the lease was registered, and ₹4.32 crore in stamp duty was paid.
The land has four hundred and fifty parking spaces. According to the documents, there is a 4 percent rent escalation section in the agreement at the end of each year.
Airlines
Qantas Engineers Stage Walkout Over Cost of Living Concerns
Tensions at Qantas reached new heights as base maintenance workers in Brisbane walked out of a hangar meeting hosted by the airline’s CEO, Vanessa Hudson.
The walkout was a clear display of displeasure and aimed to send a strong message to the company’s management about the growing frustrations within the workforce. The workers, represented by the Qantas Engineers Alliance, have been pushing for wage increases that reflect the rising cost of living.
Despite ongoing discussions, the employees feel that their concerns have been overlooked, leading to this public show of dissent. The hangar meeting, meant to foster dialogue and address employee concerns, instead became the stage for a visible demonstration of dissatisfaction as the workers exited in unison.
For some time, the engineers and maintenance staff have expressed frustration over wage stagnation amid increasing inflation and living costs. Their demand is simple: a decent and fair wage adjustment that keeps pace with economic realities. The walkout underscores the workers’ determination to stand firm on their request for better pay and fair treatment.
As Qantas navigates its recovery post-pandemic, this incident highlights the growing internal challenges the airline faces, especially concerning its workforce. The maintenance staff’s actions have put additional pressure on the company’s leadership to address the wage concerns and avoid further escalation.
- Travel2 months ago
Air India to Expand US Operations with Three New Routes After a Decade
- Aviation3 weeks ago
New EU Carry-On Rules Begin September 2024: What to Expect
- Airlines2 months ago
Air India Rolls Out A350s for Delhi-New York JFK and Newark Routes
- Aviation4 days ago
Boeing confirms 797: A New Era for Mid-Size Aircraft
- Travel2 months ago
Why We Should Avoid These Stamps in a Passport
- Aviation1 month ago
Meet WindRunner: The World’s Heaviest and Largest Aircraft Ever Built
- Airport2 months ago
Top 10 Largest Airports in the World by Size
- Aviation1 month ago
Comac C919 Moves Closer to Securing EU Certification with EASA