INSUBCONTINENT EXCLUSIVE:
their arrears amounting to Rs 1,200 crore."We are reliably informed that in order to effect the disinvestment process of the company and its
subsidiaries, the government of India has sought certain specific financial details of Air India Ltd and its subsidiaries to prepare the
audited accounts for 2018-19 which is to accomplish by the end Of June 2019," executive pilots of the widebody (WB) cadre wrote in the
letter.The letter reads: "Arrears of WB pilots for the period 1997 to 2006 arising out of the revision of wages for the pilots, with effect
from 2007 and the 25 per cent of wages that are withheld by the company for all employees from August 2012 onwards is due.""This would
amount to a current liability of Rs 1,200 crore with a principal amount of Rs 1 crore on an average owed to each pilot," the letter adds.A
few days ago, Minister of State for Civil Aviation Hardeep Singh Puri had told ANI that the centre was committed to the disinvestment of the
national carrier.The pilots' body has also threatened to move to the National Company Law Tribunal (NCLT) to recover their dues in case the
airline does not pay it before the privatisation process starts."It may be pertinent to paint out that leaving any scope for litigation
prior to disinvestment, initiated individually or collectively by pilots, arising out the non-payment of the above mentioned must be avoided
as it would adversely add to the company's contingent liabilities and potentially, the future cumulative interest burden on the divested
Company," reads the letter.The body has as many as 106 pilots as members, considered to be very experienced pilots of the national carrier
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