Cash-strapped carrier Air India on Saturday released an instalment of pending allowances to its employees and said it would pay the last months 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 PTI.
With these payments,no salary would be pending and the number of unpaid PLI instalments would be reduced to about three,he said.
The official expressed hope that the pending PLI instalments would be paid in the months to come as soon as the government approved the turnaround plan for the airline.
Meanwhile,Air Indias 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 per cent,has gone up to 75 per cent,the official said.