Interglobe Aviation Ltd.

BSE: 539448 | NSE: INDIGO
Large Cap | Airlines
4703.90
-209.90 (-4.27%)
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IndiGo to cut salary of senior employees

Date: 19-03-2020

InterGlobe Aviation (IndiGo) is going to cut salary of its senior employees amid the novel coronavirus pandemic that has hit the aviation industry hard. The company’s CEO is personally taking a 25% pay cut, SVPs (senior vice presidents) and above are taking 20%, VPs (vice presidents) and cockpit crew are taking a 15% pay cut, AVPs (assistant vice presidents), Bands D along with cabin crew will take 10% and Band Cs 5%.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.