India's Vistara cuts flights as pilots' protest over salary revision leads to cancelations, delays [MSNBC.com]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
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Source: MSNBC.com
Tata Group currently owns a 51% stake in Vistara, and the remaining 49% is owned by Singapore Airlines.Nurphoto | Nurphoto | Getty ImagesIndia's Vistara airline has cut flights following cancelations and delays all week as pilots have been on a strike of sorts over salary revisions.Pilots have called in sick to protest the terms of their new contract that will come into effect following the carrier's upcoming merger with Air India, causing the airline to cancel 150 flights, while as many as 200 have been delayed since Sunday, according tolocal media reportsTata Group, which owns a 51% stake in Vistara — the remaining 49% is owned by Singapore Airlines — announcedits merger with Air IndiaIn the new salary structure pilots have been awarded a fixed pay for a minimum 40 hours of flying — earlier the minimum was 70 hours — a pilot who has been with Vistara for more than five years told CNBC. Pilots used to "get the same amount of money" whether they flew for 10 or 70 hours earlier — even
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