Sources said on Thursday that the decision of salary hike will be effective from April 1, 2024, while bonus is also being given to the employees on the basis of performance in the financial year 2023-24. The company has increased the salary by up to Rs 15000. Along with this, an annual bonus of up to Rs 1.8 lakh will be given which will be based on the performance of the employee.

According to sources, Air India’s Chief Human Resources Officer Ravindra Kumar GP announced salary hike and performance bonus to the employees. The airline has around 18,000 employees. However, it was not immediately known what was the extent of this salary hike.

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This is the first salary hike for Air India employees after the control of Air India passed from the government to the Tata Group in January 2022. Last year, only the work of contract restructuring and compensation of old employees was done.

Sources said that apart from the salary hike scheduled for FY 2023-24, the airline has also introduced a component of annual target performance bonus for its pilots based on company and individual performance which will be effective from FY 2024-25.

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Air India CEO and Managing Director Campbell Wilson has informed about this in an internal mail to the employees. According to the news of Business Standard, Air India CEO Campbell Wilson said – After the expansion merger, the salary of Air India’s ground staff will increase. Explain that after the merger with Air India, the existence of Vistara brand will end.

Post merger, Singapore Airlines will hold 25.1 per cent stake in Air India. ver since taking control of Air India from the government in January last year, the Tata group has been trying to restructure it. In this sequence, Vistara is being merged with Air India. At the same time, AirAsia India will be merged with Air India Express. The process of merger of Vistara with Air India is expected to be completed in the next year i.e. 2024.

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