Covid-19 impact: Vistara CEO to take 20% salary cut till December

NEW DELHI: Vistara, a joint venture between Tata Sons and Singapore Airlines, on Tuesday said its chief executive Leslie Thng will take a 20% monthly pay cut between 1 July and 31 December due to the ongoing covid-19 pandemic that has hit airline operations.

“The rest of Vistara’s senior staff including members of the management will take a 15% pay cut every month, while those in mid to junior-mid levels will take 10% pay cut in this period. Employees at the junior level (those with monthly CTC equal to or more than INR 50,000) will be affected by a 5% monthly pay cut. About 60% of our employees are not impacted by the pay cut,” a Vistara spokesperson said.

The scheme does not apply to pilots as their base flying allowance was reduced to 20 hours from 70 hours in May, and this continues till December, the spokesperson added.