Air India may announce 50% incentive cut

The Air India Board is likely to take a final call on employees’ Productivity-Linked Incentives (PLI) or flying allowance issue in its crucial meeting on Wednesday.

Air India sources said the panel,which was set up by the management to review PLI norms for the company and revise its parameter last month,is expected to submit its report.

Besides,the management would also seek the Board’s nod for borrowing from banks,sources said.

The panel has finalised its report. It is likely to recommend a 30-50 per cent reduction in employees PLI,based on slab system,they said.

Pilots,engineers and executive cabin crew may be given 50 per cent cut in PLI,sources said.