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In a major development, the <keyword id="64630" type="General" weightage="20" keywordseo="Indian-Commercial-Pilots-Association" source="Orion">Indian Commercial Pilots Association</keyword> (ICPA) and the <keyword id="64606" type="General" weightage="20" keywordseo="Indian-Pilots-Guild" source="Orion">Indian Pilots Guild</keyword> (IPG) of <keyword id="2573" type="General" weightage="20" keywordseo="air-india" source="Orion">Air India</keyword> have rejected the new pay structure proposed by the airline. The primary bone of contention is the reduction in flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair. The two unions have warned of possible 'industrial unrest' if the management goes ahead with the new terms without their consent. While Air India has stated that it will "continue to engage with the remainder of its staff", the airline has taken a tough stance on the issue, saying that there are "no recognised unions in Air India". This is the first wage revision offered by the Tata group-owned Air India since its takeover last year, and it will affect all 3,000 pilots across its four airlines - Air India, <keyword id="6378232" type="General" weightage="20" keywordseo="Air-India-Express" source="Orion">Air India Express</keyword>, <keyword id="1625599" type="General" weightage="20" keywordseo="Air-Asia-India" source="Orion">Air Asia India</keyword>, and <keyword id="2467342" type="General" weightage="20" keywordseo="Vistara" source="Orion">Vistara</keyword>. The pilots' unions have instructed their members to reject the new employment conditions and wage structure offered by the management. An agreement has been put in place for the employees to sign by April 25, but the two unions have stated that they will contest the terms and conditions, with their pilots refusing to sign the revised employment and compensation terms. The two unions have warned of potential industrial unrest if the company takes any coercive or victimising action against their members. In a joint statement, the unions stated that the company reiterated that "all previous understandings, representations and agreements of whatever nature that have been entered into with us are null &amp; void and that the company further has the right to change any terms and conditions". "The term cost to the company for an assumed flying of 70 hrs is deliberately misleading and creates an impression of a generous compensation and accompanying benefits package. The actual guaranteed money being offered is only for 40 hrs. Effectively, any time a pilot is on leave or is unavailable due to recurrent training requirements or document/licence renewals, not to mention any sick leave, there is an automatic pay cut involved," the statement read. "The so-called rationalisations of allowances is not in line with any industry practices as projected by HR. Further, blanket consent is sought for any leave or insurance policy that the company may come up with &amp; which is subject to amendment or outright withdrawal. "Suffice it to say that this is not an all-inclusive list but merely a selection of some of the most outlandish and labour-hostile provisions that we have come across to date. This is dishonourable and how the management is trying to force it down the employees' throats is outright unethical," it added. "Nor has the blatant attack on our rights as workmen to bargain collectively or seek legal redressal for any injustice or victimisation gone unnoticed. Where is the company requirement all of a sudden to forcibly promote almost all the permanent workmen of the union to the so-called Senior Commander management cadre? It is clear from all this that there is a concerted effort to gut the unions and isolate pilots into individual boxes where they can be exploited and victimised at will by the HR department," the statement said. Meanwhile, Air India's spokesperson has defended the new compensation structure, which includes parity among different groups, recognition of managerial and supervisory roles for experienced pilots, and individual contracts sent to pilots and cabin crew for necessary paperwork. "The managerial and supervisory role played by the experienced pilots is also being recognised in the form of designating them as Senior Commander as also offering them a special monthly allowance. The contracts reflecting these enhancements were individually sent to the pilots and cabin crew for necessary paperwork," said the spokesperson. The spokesperson also claimed that a large number of pilots and cabin crew have already accepted the new contracts, and the salary improvements and advancement opportunities they enable. "The airline will continue to engage with the remainder of its staff through this process as currently there is no recognised union in Air India," the spokesperson said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/rils-q4-to-be-driven-by-sustained-momentum-in-retail-business-o2c-to-see-modest-growth/articleshow/99629278.cms">RIL’s Q4 to be driven by sustained momentum in retail business, O2C to see modest growth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/condom-maker-mankind-pharmas-4326-crore-ipo-to-open-next-week-on-april-25/articleshow/99614288.cms">Condom maker Mankind Pharma’s ₹4,326 crore IPO to open next week on April 25</a>

Air India pilots' unions reject proposed pay structure, warn of industrial unrest

<ul><li><keyword id="2573" type="General" weightage="100" keywordseo="air-india" source="Orion">Air India</keyword> chief <keyword id="5863894" type="General" weightage="50" keywordseo="campbell-wilson" source="Orion">Campbell Wilson</keyword> on Friday said the airline's progress over the last 12 months has been nothing short of stunning.</li><li>Campbell also said that while working on improvements, the airline has not shied away from other ambitious actions such as merging <keyword id="6378232" type="General" weightage="50" keywordseo="air-india-express" source="Orion">Air India Express</keyword> with <keyword id="86568" type="General" weightage="50" keywordseo="air-asia" source="Orion">Air Asia</keyword>, or <keyword id="2467342" type="General" weightage="20" keywordseo="vistara" source="Orion">Vistara</keyword> with Air India, or kicking off the establishment of a new InfoTech Centre, or an <keyword id="6388581" type="General" weightage="50" keywordseo="aviation-academy" source="Orion">Aviation Academy</keyword>.</li></ul>Air India chief Campbell Wilson on Friday said the airline's progress over the last 12 months has been "nothing short of stunning" and there is much more to be done as <keyword id="6355725" type="General" weightage="20" keywordseo="Tata-group" source="Orion">Tata group</keyword> completes the first year of takeover of the carrier. Listing out the major initiatives over the last one year, Air India said it is "finalising a historic order of new aircraft to power future growth". Campbell also said that while working on improvements, the airline has not shied away from other ambitious actions such as merging Air India Express with Air Asia, or Vistara with Air India, or kicking off the establishment of a new InfoTech Centre, or an <keyword id="31907" type="General" weightage="20" keywordseo="Aviation" source="Orion">Aviation</keyword> Academy. "And that's not to mention our much talked-about short- and-medium term fleet expansion," the CEO and <keyword id="13909725" type="General" weightage="50" keywordseo="md-of-air-india" source="Orion">MD of Air India</keyword> said in a communication to the employees. <keyword id="8555" type="General" weightage="50" keywordseo="tata" source="Orion">Tata</keyword> group took control of Air India from the government on January 27 last year. "Taken together, the progress over the last 12 months has been nothing short of stunning, even if so much of what we have been working on has been behind the scenes, building platforms and capabilities so that our future ambitions can take flight. "There is of course much more that needs to be done, and everyone - internally and externally - is hungry for us to do it," Campbell said. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/new-patent-suggests-that-apple-could-bring-a-foldable-iphone-with-a-self-healing-display-in-the-future/articleshow/97302738.cms">New patent suggests that Apple could bring a foldable iPhone with a self-healing display in the future</a> <a href="https://www.businessinsider.in/tech/news/apples-mixed-reality-headset-could-feature-full-body-facetime-avatars/articleshow/97300580.cms">Apple's Mixed Reality headset could feature advanced hand tracking and may work as a second display for Mac</a>

Air India's progress has been 'nothing short of stunning': CEO Campbell Wilson

New Delhi, Jan 24 () The Enforcement Directorate (ED) has issued fresh summons to senior executives of Air Asia airlines, including CEO Tony Fernandes, for questioning next month in connection with a money laundering case, officials said on Friday.
 As per sources, the central agency has asked Fernandes to appear before the investigating officer of the case here on February 5, his deputy and former Deputy Group CEO of Malaysia-based Air Asia Berhad Bo Lingam on February 3 and R Venkataramanan, Director Air Asia India Ltd, Bengaluru, on February 10.
 Few others linked to the present and past management of the airline have also been asked to depose.
 The ED had earlier asked some of these executives to appear this month but after some failed to appear or sought additional time, new dates have been given, they said. 
The summons have been issued under the PMLA and as per sources the executives will be questioned and their statement recorded in connection with the investigation.
The agency had registered a case under the PMLA against the airline and its officials in May, 2018. 
 This criminal case was filed two days after CBI filed a criminal complaint to probe these allegations.
Probe in the case is related to allegations that the airline tried to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited.
The ED is also probing this case under the Foreign Exchange Management Act (FEMA).
 Air Asia India at present has flights connecting 21 domestic destinations and as per a aircraft fleet tracking website, it has 29 Airbus A320 planes.
Investigation in the case was initiated on the basis of allegations of ousted Tata Group chairman Cyrus Mistry that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airline.
The CBI and ED, in their criminal FIRs, had booked Group CEO of Air Asia Fernandes, Tharumalingam Kanagalingam also known as Bo Lingam, former Deputy Group CEO of Malaysia-based Air Asia Berhad, and Venkataramanan, Director Air Asia India Ltd, Bengaluru, besides companies Air Asia India Pvt Ltd and Air Asia Berhad.
The allegation pertains to Air Asia officials and others allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited.
The CBI had alleged that Venkataramanan was lobbying in the government to secure mandatory approvals, some of them through "non-transparent means", including the then Foreign Investment Promotion Board (FIPB) clearance, No Objection Certificate and the attempt for removal or modification of 5/20 rule.
It is alleged that to be eligible for international operations, the company was required to have five years of experience and fleet of 20 aircraft as per 5/20 rule.
The company is yet to get international flying permit.
Fernandes wanted it to fly internationally from the day of getting the flying permit in May, 2014, the CBI complaint had alleged.
He and his local Indian partner Tata Sons through their nominee Venkatramanan would lobby in government to get all approvals including FIPB clearance and amend or removal of existing 5/20 rule for international operations, the CBI alleged.
The CBI had also named Rajender Dubey, Director of Singapore-based HNR Trading pvt Ltd, Sunil Kapur, Chairman Total Food Services, Mumbai and Deepak Talwar, Principal and Founder DTA consulting (deported to India last year from Dubai), New Delhi and the company HNR Trading as alleged lobbyists who used their influence to get 5/20 rule relaxed "before General Elections of 2014".
 Air Asia had denied any wrongdoing after the CBI filed the case and carried out raids at multiple premises.
 It is alleged that Air Asia India Ltd -- a joint venture between Tata sons and Malaysian company Air Asia Berhad -- was indirectly controlled and operated by the Malaysia group, and particularly Air Asia Berhad violating various existing norms of erstwhile FIPB, now defunct, under the Union finance ministry. NES NES DV
DV

ED issues fresh summons in Air Asia PMLA case

New Delhi, Jan 16 () The Enforcement Directorate (ED) has summoned senior executives of Air Asia including CEO Tony Fernandes for questioning in connection with a money laundering case, officials said on Thursday.
The agency had registered a case under the Prevention of Money Laundering Act (PMLA) against the airline and its officials in 2018.
Officials said while Fernandes has been summoned on January 20, few others have also been asked to depose for questioning in the following days.
The fresh summons have been issued to take the probe forward, officials said.
The ED probe is related to allegations that the airline tried to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited.
The ED case was registered after the CBI filed an FIR to probe these allegations.
The ED is also probing this case under the Foreign Exchange Management Act (FEMA).
Investigation in the case was initiated on the basis of the claims of ousted Tata Group chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airline.
The CBI and ED, in their criminal FIRs, had booked Group CEO of Air Asia Fernandes, Tharumalingam Kanagalingam also known as Bo Lingam, former Deputy Group CEO of Malaysia-based Air Asia Berhad, and R Venkataramanan, Director Air Asia India Ltd, Bengaluru, besides companies Air Asia India Pvt Ltd and Air Asia Berhad.
The allegation pertains to Air Asia officials and others allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited. NES DV
DV

ED summons Air Asia executives, CEO Fernandes in PMLA case

<ul><li>Entrepreneur <keyword id="82750" type="PERSON" weightage="20" keywordseo="Tony-Fernandes">Tony Fernandes</keyword>, the man who built <keyword id="6358246" type="UNKNOWN" weightage="20" keywordseo="AirAsia">AirAsia</keyword> is facing trouble amid bribery allegations. </li><li>He bought a state-owned AirAsia which was sinking fast into a whirlpool of debt for 26 cents in 2001 — and and turned into a billion dollar company. </li><li>He turned it around from $11 million debt to break even in two years. </li><li>In September 2019, the 55 year old Fernandes announced his retirement to let the next generation leaders in AirAsia to come to the forefront. </li></ul>Tony Fernandes’ rise to the top mirrors that of a Bollywood movie where a hero left with a single coin soon turns into a millionaire. After all, he bought a state-owned AirAsia which was sinking fast into a whirlpool of debt for 26 cents in 2001 — and and turned into a billion dollar company. But his fall also came as dramatically after aerospace company <keyword id="6356166" type="COMPANY" weightage="20" keywordseo="airbus">Airbus</keyword> said that it paid $50 million to the Malaysian airline. He had to step down as the CEO temporarily for 2 months, and denied the allegations. Fernandes who promised to cooperate with the authorities is no stranger to controversy. His company which has in a joint venture with Tatas in India was also <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/more-individuals-under-cbi-lens-for-airasia-lobbying/articleshow/64626271.cms?from=mdr">investigated for playing </a>a part in relaxing a rule that needs an airline to be operational for five years with 20 planes before they are allowed to fly overseas. <keyword id="6356895" type="PERSON" weightage="20" keywordseo="cyrus-mistry">Cyrus Mistry</keyword>, the former chairman of <a href="https://www.businessinsider.in/business/corporates/news/cyrus-mistry-warning-to-ratan-tata-on-jlr-tata-motors-airasia-and-telecom/articleshow/72873129.cms">Tata Sons</a> too had expressed discomfort with his association with the airline. “Board members and trustees are also aware that in the case of <keyword id="86568" type="LOCATION" weightage="20" keywordseo="Air-Asia">Air Asia</keyword>, ethical concerns have been raised with respect to certain transactions as well as the overall prevailing culture within the organization,” he said in a letter to the board. In Malaysia too, Fernandes is known to be close to many politicians and even painted one of the parties’ slogans on the plane — <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/double-trouble-airasia-ceo-tony-fernandes-faces-tough-time-both-in-india-and-malaysia/articleshow/64431461.cms?from=mdr">landing him in trouble</a>. While many of his maverick branding bets gave wonderful results, they also landed him in trouble enough times. The boy who wanted to be a pilot After completing his education from Britain’s Epsom College, Fernandes worked for Richard Branson and entertainment companies like Warner Music. But his childhood dream of becoming a pilot brought him into the aviation sector. After he bought the airline, he turned it around from $11 million debt to break even in two years. It started with two planes but now has a fleet of over 260 planes and flies as many as 100 million passengers. A major part of his success comes from his consistent efforts in building a brand. “The first thing you need is a great product, the second thing, you got to invest in branding. There are so many great ideas, and nobody knows about them,” he had <a href="https://www.campaignindia.in/article/tony-fernandes-airasia-plans-from-airline-to-lifestyle-brand/453037">said at a conference</a> in Hong Kong. Early bird technology investments Fernandes lived by the idea of investing in events where he saw potential — which expanded his clientele. He spent generously on sponsorships — including a football club <keyword id="6034" type="COMPANY" weightage="20" keywordseo="Manchester-United">Manchester United</keyword>. And, this was when AirAsia had merely seven planes. It had also invested in esports. He also made a personal investment to create a football club <keyword id="91917" type="ORGANIZATION" weightage="20" keywordseo="Queens-Park-Rangers">Queens Park Rangers</keyword> (QPR) in London. According to Forbes, he has a net worth of $530 million. He did not hold back even when the time came to invest in technology. AirAsia was one of the early birds to deploy cloud technologies with an online ticketing system. This data of customers turned out to be goldmine — which was then used to implement technologies like facial recognition. “I didn’t see the digital revolution that was to come. Now we have a massive amount of data, not just in Malaysia but across ASEAN,” he said. Dating on the plane Since then, the airline has introduced several consumer friendly initiatives like partnering with the dating apps for the passengers to ‘connect’ on the plane. Come 2019, the airline also became the first to set up a restaurant selling in-flight fare on land. “Who would have thought: airline food to restaurant? ASEAN’s first fast food restaurant,” <a href="https://www.businessinsider.sg/tony-fernandes-has-quit-twitter-herere-his-3-most-memorable-posts-of-2019/">Fernandes had said</a>. In September 2019, the 55 year old Fernandes announced his retirement to let the next generation leaders in AirAsia to come to the forefront. “For clarity: I will remain CEO of AirAsia group and CEO of AirAsia.com. Rest of my positions in the boards and management will go to my young amazing leaders. So so many of them. Leadership is about succession planning, always giving youth a chance,” he said. But, it looks like everything is not going according to his plans. See also: <a href="https://www.businessinsider.in/thelife/personalities/news/britannia-owner-nusli-wadia-cases-against-ambani-and-ratan-tata/articleshow/73264154.cms">Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale</a> <a href="https://www.businessinsider.in/thelife/personalities/news/kobe-bryant-was-a-big-iphone-guy-with-investments-in-alibaba-and-video-games-on-nintendo/articleshow/73654930.cms">Kobe Bryant was a 'big iPhone guy' with investments in Alibaba and video games on Nintendo</a> <a href="https://www.businessinsider.in/thelife/personalities/news/youtuber-bhuvan-bam-heads-to-world-economic-forum-in-davos-to-tell-his-story/articleshow/73473149.cms">How far can you go with YouTube — A Delhi college boy reached Davos in 5 years</a>

Tony Fernandes — who bought an airline for 26 cents and turned into a billion dollar company — lands in trouble

<ul><li><keyword id="6355725" type="ORGANIZATION" weightage="20" keywordseo="tata-group">Tata Group</keyword> Chairman N Chandrasekaran said he will get his team to evaluate a bid for <keyword id="2573" type="CITY" weightage="20" keywordseo="Air-India">Air India</keyword>. </li><li>The once-Tata owned Air India today has a massive debt of ₹58,351 crore. </li><li>Meanwhile, both of Tata’s current airlines – <keyword id="2467342" type="PERSON" weightage="20" keywordseo="Vistara">Vistara</keyword> and AirAsia – reported losses for FY19. </li></ul>One of India’s biggest business conglomerate Tata Group might consider bidding for the struggling Air India. In an <a href="https://timesofindia.indiatimes.com/business/india-business/will-ask-my-team-to-look-at-bidding-for-ai-tata-group-chief/articleshow/71883484.cms">interview with TOI</a>, Tata Group Chairman N Chandrasekaran said that he will get his team to look into the matter. “Ideally it should be a Vistara decision, not a Tata Sons decision. I’m not going to run a third airline (in addition to Vistara and AirAsia) unless we merge. There are issues. I will never say yes or no. I don’t know,” he told TOI. Interestingly, Air India was run by the Tata Group before the Indian government acquired a 49% stake in the airline in 1948. Tata Group to bid on Air India would expand its exposure to the airline industry. Two of its own airlines – Vistara and AirAsia are running in losses. In the financial year ending March 2019, Vistara’s<a href="https://www.business-standard.com/article/companies/vistara-loss-doubles-to-rs-831-crore-amid-tough-operating-environment-119081401877_1.html"> losses</a> doubled to ₹831 crore. Vistara is a joint venture between the Tata group and Singapore Airlines. Meanwhile, <keyword id="86568" type="COMPANY" weightage="20" keywordseo="Air-Asia">Air Asia</keyword> too is struggling to keep up. Its <a href="https://www.financialexpress.com/industry/air-asia-india-losses-rise-five-fold-in-fy19/1719013/">losses</a> amounted to ₹670 crore, almost five times over its losses in the previous year of ₹125 crore. Tata Group runs AirAsia India in a joint venture with Malaysia-based AirAsia Berhad. For FY19, Air India too posted a massive <a href="https://m.economictimes.com/industry/transportation/airlines-/-aviation/air-india-posts-rs-4600-cr-operating-loss-in-2018-19-aims-operating-profit-this-fiscal/articleshow/71136113.cms">operating loss</a> of ₹4,600 crore, while its net loss stood at ₹8,400 crore. Air India, which has been struggling to find a bidder after the government said that it plans to sell 100% stake in it. It has a massive debt of ₹58,351 crore and recently state-owned oil companies <a href="https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/pay-monthly-or-will-cut-fuel-supply-at-6-airports-from-oct-18-oil-companies-to-air-india/articleshow/71525811.cms?from=mdr">sent a letter</a> asking them to pay up dues or they will stop supplying aviation turbine fuel (ATF).

You Searched For "Air Asia" and got 6 results

Air India pilots' unions reject proposed pay structure, warn of industrial unrest

IANS

Air India's progress has been 'nothing short of stunning': CEO Campbell Wilson

PTI

ED issues fresh summons in Air Asia PMLA case

PTI

ED summons Air Asia executives, CEO Fernandes in PMLA case

PTI

Tony Fernandes — who bought an airline for 26 cents and turned into a billion dollar company — lands in trouble

Prerna Sindwani

Tatas may look at bidding for Air India even as its two airlines strap on losses

Sanchita Dash

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