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Company Watch - Indian Airlines.


Jun 18, 2007

Indian Airlines Indian Airlines Limited or Indian (Hindi: इंडियन एयरलाइंस लिमिटेड or इंडियन  yesterday said it had resolved the issues with the Air Corporation Employees Union representing ground operations and clerical staff that led to a three-day strike this week and that operations are scheduled to return to normal today. The carrier said the issues pertained to career progression and payment of a decade's worth of arrears A sum of money that has not been paid or has only been paid in part at the time it is due.

A person who is "in arrears" is behind in payments due and thus has outstanding debts or liabilities.
. The Indian government's Press Information Bureau said the arrears total INR INR

In currencies, this is the abbreviation for the Indian Rupee.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
2.67 billion ($65.1 million) and will be paid out over 18 months. IC called the strike "totally illegal and unwarranted" and said it would "take stringent action against striking employees." Jun 15, 2007

Indian Airline Workers End Strike. Employees of state-run airline, Indian, on Thursday called off a three-day strike that had stranded thousands of passengers as scores of flights were cancelled or delayed, a spokesman said. The decision came after an agreement between the union of ground staff and the management, allowing the resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the  of normal flight operations, an aviation ministry spokeswoman said. The strike started late on Tuesday when employees of Indian, formerly known as Indian Airlines, stopped work demanding higher wages and benefits amid a boom in air travel in the country, the world's fastest-growing aviation market. It led to the cancellation of some 200 flights and scores more were delayed, creating chaos at airports across the country and throwing air travel off course. Jun 14, 2007

Strike Disrupts Indian Flights. Thousands of passengers were stranded at airports across India on Wednesday as employees of state-run airline Indian went on strike to demand higher wages and benefits. The strike began late on Tuesday when thousands of ground staff and some cabin crew cabin crew cabin n (Aviat) → équipage m  stopped work at Indian, formerly known as Indian Airlines. On Wednesday, dozens of flights were delayed or canceled and chaos prevailed at many major airports, which are congested con·gest·ed
adj.
Affected with or characterized by congestion.


congested ENT adjective Referring to a boggy blood-filled tissue. See Nasal congestion.
 even at normal times in what is the world's fastest growing aviation market. Some passengers complained that they were not informed about canceled flights while others struggled to locate their baggage at terminals after arriving on delayed flights. Jun 13, 2007

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Publication:Airguide Online
Date:Jun 18, 2007
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