Rakesh Jhunjhunwala’s Akasa airline will use stock options to lure staff
NEW DELHI: Akasa, a new airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world’s most competitive air-travel markets.
The carrier, which is preparing to start flying in late May, is taking the unusual approach of granting company shares to a bigger pool of top employees, rather than a select group of senior executives, as the aviation industry globally suffers from a talent shortfall.
Airlines have retrenched thousands of workers because of the pandemic and many pilots have quit, either taking early retirement or switching careers.
