The development comes as the new owner of the airline, the Tata Group, has begun the process of fully restoring employee salaries as part o...

On Friday, the airline told its employees that it will restore salaries for all staff to pre-coronavirus levels from September 1. The airli...

AAX said in a separate statement it is facing severe liquidity constraints to meet debt and other financial commitments and with no return ...

The latest paycuts—which mean the senior management will get between 15% and 35% lower monthly salaries than pre-Covid times— will be imple...

Indian carriers have survived so far without fiscal assistance. But the scenario remains bleak.

The senior management at AirAsia India had taken a pay cut of 20 per cent in April, while the wages of executives falling in other categori...

"As a fair measure to cater to the requirement of our employees during this complete lockdown situation, the company has devised a structur...

"AirAsia India has cut the April salary of its employees by up to 20 per cent. The senior management will take a pay cut of 20 per cent whi...

The founders of Malaysia's AirAsia Group will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact ...

IndiGo's CEO Ronojoy Dutta informed employees about a company-wide top down 5%-25% salary cut.

Here’s a lowdown on top macro triggers that may move market on Thursday.

Venkataramanan has refuted Cyrus Mistry’s allegations on his ‘role’ in loans given to Sivasankaran companies and AirAsia India irregulariti...

SpiceJet underwent a major management reshuffle last year after Sanjiv Kapoor was brought in as chief operating officer and given a free ha...

In fact, 11 out of AirAsia’s first crew of 18 pilots had joined the airline as baggage handlers, cabin crew, cabin assistants or store boys.

The Indian Commercial Pilots Association (ICPA), union of erstwhile Indian Airlines pilots, held an emergency meeting last week to discuss ...

The largest cut will be for executive commanders of wide body aircraft, with their monthly pay dropping from Rs 8.8 lakh to Rs 7.5 lakh.

However, experts sound a word of caution, recruiters would have been suitably chastised and their hiring plans will be fuelled more by prag...