Go Airlines India Ltd plans to raise salaries of captains by Rs 100,000 ($1,211) a month and by Rs 50,000 for first officers as it tries to salvage its operations after filing for insolvency on May 2.
The additional pay, which the airline calls a retention allowance, will come into effect on June 1, according to an email to pilots seen by Bloomberg News. It will also be offered to those who have left the company but are willing to withdraw their resignations by June 15. The airline, which rebranded as Go First two years ago, said it will also soon reintroduce a “longevity bonus” for long-serving staff.
