Campbell Wilson, CEO of Air India, gave an increase days before the accident

Copyright © HT Digital Streams Limit all rights reserved. Air India MD and CEO Campbell Wilson. (@Airindia) Summary of the CEO of Air India will receive a salary increase from 46% to £ 27.75, with effect from April 2025. The wage increase came two weeks before the tragic accident in Ahmedabad. Campbell’s pay structure highlights performance, with 60% linked to the success of the airline. Mumbai and Bengaluru: Two weeks before the country’s worst civil aircraft in almost three decades with one of his flights, the board of Air India in Tata, Campbell Wilson, handed over a new salary, including up to £ 27.75. It would be a 46% leap of the £ 18.98 crore he earned in 2023-24, according to Air India’s filing. Wilson walked into the corner room in July 2022 and was promised a salary of up to £ 21.50. The new compensation package-which is in force on April 1, 2025 and contains a fixed salary of £ 11.1 crore, £ 8.32 crore in performance-linked bonuses, and £ 8.32 in long-term incentive-was approved by the company on May 27. This implies that about 60% of the current salary of Wilson is linked to the performance of the airline. Air India’s bad flight from Ahmedabad to London crashed on June 12. According to the revelations of Air India, the salary structure does not include benefits and grants such as rent -free accommodation, a car and hospitalization. One of the highest The Raise, which on the back of the council’s recognition comes from its efforts to lift the airline and to manage a series of internal mergers, positions Wilson’s wages among the highest for top airlines in the country. The country’s largest and most valuable airline Indigo, owned by Interglobe, paid its CEO, Pieter Elbers £ 21,61, in 2024, according to the sub -company sub -company. Elbers was appointed CEO in September 2022. The founder of Akasa Air received the founder and CEO of Vinay Dube in 2024 in 2024, according to the company’s registrations to the Ministry of Corporate Affairs. And Spicejet’s chairman and managing director, Ajay Singh, received £ 5.4 crore in 2024, according to the latest annual report. Data from the Directorate General of Civil Aviation (DGCA) showed that Indigo had a 64.1% share of the domestic passenger traffic in April, followed by Air India (27.2% share), Akasa Air (5%), and Spice Jet (2.6%). Read also | We could have handled the delays better, says Air India CEO Campbell Wilson, “The remuneration of Mr Wilson is proportional to the remuneration of expatriates appointed at CEO/MD levels of similar multinational companies, taking into account the responsibilities carried by him,” said a submission by the AIR -India. “In addition to the transformation of the flagship airline, Mr Wilson successfully led the integration of the subsidiary of airlines, namely Air India Express and Aix into a single low -cost carrier, and the fusion of Tata Sia Airlines (Vistara) with Air India.” In addition to Wilson, the seven members of Air India consist of Tata boys and the chairman of Air India Natarajan Chandrasekaran, the CFO of Tata Mota Motors Ltd, PB Balaji, former Hindustan Unilever CEO Sanjiv Mehta, and former Deloitte India Pramesh chairman. General Insurance Corps of former chairman and managing director Alice Vaidyan and CEO of Singapore Airlines, Goh Choon Phong, are the other management members. ‘Ne -mail sent to Air India to search for a comment is unanswered. The revenue is rising Air India, which will still submit its financial statements for the year ended March 2025, increased its income from £ 41,261.2 crore in 2023 to £ 66,433,4 in 2024, an increase of 61%. Losses dropped from £ 13,960.4 crore to £ 7,273 crore during this year. “I think the payment (to Wilson) is comparable and justifiable,” said Shriram Subramanian, founder and managing director of the assistance firm Ingovern Research Services. “This is because the challenges of Air India are more complicated and still complete the merger with Vistara. It goes through a transition and faces challenges of fleet upgrade and trade unions. The biggest challenge is to develop customer confidence.” The biggest challenge for the airline is to be sure that people’s trust regains. On June 12, an Air India flight to London crashed seconds after the take off of Ahmedabad Airport, which led to the death of more than 240 passengers and crew, and a few more on the ground. Read also | Will learn, come stronger from the aircraft tragedy: CEO of Air India in letter to staff reports of the deaths, reinforced by non-stop social media footage, shook the confidence of the straw piles and asked many people to cancel travel plans and dump Air India tickets on June 19. Air India also has risks, including delays in the 500-plus aircraft that ordered it. In addition, the accident earlier this month resulted in the DGCA investigating its fleet of 33 Dreamliner 787-8 and 787-9 aircraft. Furthermore, geopolitical skirmishes have led Air India to re -redeem some aircraft and even reduce the number of flights. Tata boys bought £ 18,000 from Air India from the Indian government in January 2022. Then it merged Vistara, a joint venture of 51:49 between Tata Sons and Singapore Airlines Ltd, with Air India. As a result, Singapore Airlines became a 25.1% shareholder, while Tata Sons owned 74.9%. Read also | Air India sees an income gold mine in the long-distance traffic traffic. Download the Mint News app to get daily market updates and live business news. More Topics #Tata Sons #Air India Read Next Story