An Indian budget airline, SpiceJet has completed 18 years of flying. The airline commenced its first commercial flight on May 23, 2005, flying from Delhi to Ahmedabad.
The company will hike the salary of the captains to Rs.7.5 lakhs per month for flying 75 hours. Apart from this, as part of its ongoing 18th-anniversary celebrations, the company will also increase the salary of trainers and first officers.
Additionally, SpiceJet has also focused on a loyalty reward program. This is a tenure-linked monthly loyalty reward for its captains of up to Rs.1,00,000 per month.
“Salary of captains has been increased to Rs.7.5 lakh-a-month for 75 hours of flying. The hike will be applicable from May 16, 2023,” the airline said.
Earlier in November, the airline had earlier revised salaries for its pilots wherein the salary of Captains had been raised to Rs.7 lakh a month for 80 hours of flying.
Earlier, SpiceJet mobilized its plan to revive 25 grounded aircraft. The funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilized around INR 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
Ajay Singh, Chairman, and Managing Director, SpiceJet, said, “We are meticulously working towards a return to service of our grounded fleet back in the air soon.”
“Majority of the ECLGS funding received by the airline would be utilized for the same, which will help us capitalize and make the most of the upcoming peak travel season”, Ajay Singh added.
