SpiceJet plans new flights; pilot pay up at Rs 7.5 lakh per month
SpiceJet is planning to revive grounded aircraft and launch flights on new routes, Chairman Ajay Singh told employees in an email on the airline’s 18th anniversary on Tuesday. The airline also hiked the salary for its captains to Rs 7.5 lakh per month for 75 hours of flying, and introduced a tenure-linked loyalty reward for them.
Salaries of trainers and first officers have also been increased commensurately.
SpiceJet is overcoming its “toughest challenges” and has a new plan for growth, said Singh.
Despite this optimism, SpiceJet’s stock tumbled nearly 14 per cent to Rs 24.16 (close) on the BSE on Tuesday, falling to its 52-week low during intra-day trade, as investors continued to desert the counter.
