Mumbai: For the fifth consecutive month, debt-laden Air India has not paid salaries to its employees on time and is yet to communicate the possible date of payments, sources said.
There has been a delay in payment of salaries every month since March. The national carrier, which is facing acute financial crunch, is yet to issue any specific communication on when the payments are likely to made, the sources said.
Air India has more than 11,000 permanent staff. Sources at Air India said that last month’s salaries are yet to be deposited in the bank accounts of employees.
An airline spokesperson said salaries for the month of July are likely to be disbursed in a couple of days. Generally, the airline disburses salaries by 30th or 31st of every month.
The delay in salary payments also comes against the backdrop of the government seeking Parliament’s nod for Rs 980 crore as supplementary grants for equity infusion into the airline.
Last month, the Civil Aviation Ministry said that Air India has received Rs27,195.21 crore worth equity infusion under the Turn Around Plan (TAP) and the Financial Restructuring Plan (FRP) approved back in 2012.
After the carrier defaulted on payment of employees’ May salary this year, one of its pilots’ unions had urged the management to ensure that the situation is not repeated in the future.
In current fiscal, the state-owned airline received an equity infusion of Rs 650 crore up to June. TAP and a Financial Restructuring Plan (FRP) were approved for Air India by the previous UPA regime in 2012.
All government guaranteed loans and interests thereon are being paid by the government.