NEW DELHI: Consolidation in the Indian skies has started yielding results for airlines. While cheapest airfares have shown a marginal increase re-cently — helping airlines come out of the red — a “correction” in salaries and perks of technical personnel, including pilots, in the past six months is likely to translate into lower operating cost for the carriers.
M&As in the aviation space have brought economies of scale for airlines. “To some extent, salaries of pilots, aircraft maintenance engineers and other technical personnel have softened. While in the past two years salaries of these personnel went up by 30-40%, it has undergone a correction in the past six months,” says Centre for Asia Pacific Aviation (CAPA) India CEO Kapil Kaul.
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Friday, October 5, 2007
Consolidation brings savings for airlines
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