Air India gets ready to check out, adds up leave encashment liability

Air India is preparing for divestment and for a new owner taking over the airline by the end of this fiscal.

A TOI report says the government has asked the airline to finalise its H1 FY 20121-22 accounts “on a priority basis”. Employees have been asked to update their leave records by the month-end so as to calculate leave encashment liability.

Leave encashment liabilities accounted as of September 30, 2021 will be considered final, said a communication sent to departmental heads.

“It is requested that each and every employee is advised to correctly update their leave details immediately,” it said.