Airlines
Akasa Air Pilots Receive Salary Hike Again in 2 Months
In response to the country’s rising need for captains of Boeing 737 aircraft, Akasa Air has increased pilot salaries for the second time in two months. In light of recent pilot resignations, the most recent adjustment, which combines monthly loyalty rewards of INR 1,00,000 and long-term incentives of INR 25,00,000, was made.
The long-term incentive will be paid in three installments (15,25, and 60%) over two years, from 2024 to 2026, and will be paid out monthly in addition to the base pay for 40 hours.
According to the report’s citation of Akasa CEO Vinay Dube, “We have a 10 year strategy that spans pilot recruiting, training, and career enhancements. Due to resignations, there is no long-term effect, and we are still quite optimistic about the future. We are planners, therefore we prepare for unexpected events. You must consider our track record. We perform best in terms of on-time arrival and lowest cancellation rates.
The compensation for the cockpit crew at Akasa Air has also increased in the past. The airline raised the average pay for its pilots by 60% within a few weeks after it began operations in September 2022. With that action last year, Akasa made a statement that propelled it to the top of the pay scale among Indian airlines, topping even seasoned competitors like IndiGo. The airline raised the starting monthly salary for senior first officers and senior captains by up to 40% in June of this year, with INR 3,40,000 and INR 6,25,000 respectively.
Akasa Air to Add 800 Staff and Fly Internationally(Opens in a new browser tab)
Recently, Akasa Air has increased pilot salaries by up to 40%. Beginning in July, pilots working for Akasa Air will start receiving a pay rise. Senior first officers of the Rakesh Jhunjhunwala-backed airline would start receiving Rs 3.40 lakh per month as opposed to the current Rs 2.75 lakh per month as soon as the new pay structure is implemented.
