New Delhi: Cash-strapped Air India Saturday released an installment of pending allowances to its employees and said it would pay the last month's salary on Monday.
“We have today released Productivity-Linked Incentive (PLI) for all eligible employees and will be paying the October salary on Monday to all our staff," a top airline official told media.
With these payments, no salary would be pending and the number of unpaid PLI installments would be reduced to about three, he said.
The official expressed hope that the pending PLI installments would be paid in the months to come as soon as the government approved the turnaround plan for the airline.
There has been some disgruntle among the AI employees, ranging from pilots and engineers to cabin crew and ground handlers, over delayed salaries and PLI payments.
Meanwhile, Air India's passenger load factor improved during the past week with the cancellation of flights of Kingfisher Airlines.
The load factors, which generally hover around 70-72 percent, has gone up to 75 percent, the official said.
First Published: Saturday, November 12, 2011, 15:45