AI to pay salaries

Nation-carrier Air India has finally decided to pay its employees their due salaries, brining an end to a month long tussel between the authorities and the employees. The salaries will be paid on July 10 and 14.

Nation-carrier Air India has finally decided to pay its employees their due salaries, brining an end to a month long tussel between the authorities and the employees. The salaries will be paid on July 10 and 14.

HT Image

Air India is in a financial mess having incurred a loss of Rs 4,000 crore last fiscal, forcing Civil Aviation Minister Praful Patel to approach Prime Minister Manmohan Singh for a Rs 10,000-crore (about $2-billion) bailout package for the beleaguered carrier.

The prime minister has in turn suggested that National Aviation Co, which owns Air India, undertake cost-cutting measures to improve its financial condition.