The new airline's pilots get a 60% pay rise
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Civil Aviation Resource Network September 14, 2022 News: According to Simpleflying, the newly established Indian airline Akasa Air is leading the "new trend", not only introducing competitive fares, but also providing high compensation for pilots. The low-cost carrier has significantly increased pilot salaries, topping India's aviation industry rankings, even surpassing established giants such as IndiGo, according to the latest report. Akasa Air's move to raise pay is likely to be followed by other airlines to avoid mass staff turnover.
Akasa Air has been operating for less than a month and a half, and has begun to gradually increase pilot salaries, in order to meet the pre-coronavirus salary industry standards. According to the Economic Times, the airline has raised the wages of its pilots by an average of 60%.
Currently, the starting salaries for the captain and first officer are 279,000 rupees ($3,517) and 111,000 rupees ($1,399), respectively. From October this year, the starting salary for a captain will be 450,000 rupees ($5,673) and that of a first officer will be 180,000 rupees ($2,269). Senior AkasaAir pilots work up to 70 hours a month, earning around 800,000 rupees ($10,000), according to insiders.
Demand for pilots soars
Akasa Air's pay rise is no surprise, as airlines expand, they need a long-term stable of pilots to do the job. Depending on the size of the airline, a plane typically requires 10-12 pilots, including backup pilots.
Akasa Air is expected to employ more than 300 pilots and crew by 2023. Long before operations began, Akasa Air planned to hire about 350 crew and pilots over the next year to meet its expansion plans.
At the time of initial hiring, Akasa Air offered Boeing 737 pilots 80% more than SpiceJet and still 10% less than industry giant IndiGo, but the latest pay structure puts Akasa Air 8-10% ahead of IndiGo. In addition to recruiting new talent, Akasa Air is working to develop more co-pilots to be promoted to captains. In fact, the situation is fast approaching pre-pandemic, when pilots were so in demand that airlines were willing to pay handsomely to keep them.