Tata Group currently owns a 51% stake in Vistara, and the remaining 49% is owned by Singapore Airlines.
India's Vistara airline has cut flights following cancelations and delays all week as pilots have been on a strike of sorts over salary revisions.
Tata Group, which owns a 51% stake in Vistara — the remaining 49% is owned by Singapore Airlines — announced its merger with Air India.
Pilots used to "get the same amount of money" whether they flew for 10 or 70 hours earlier — even though the minimum was 70 — he said.
The new structure will cut the salary from about $7,400 (for 70 hours but not always enforced) to $5,200 for a strict 40 hours, he said.
Organizations:
Tata Group, Singapore Airlines, Air India, Singapore Airlines —, CNBC, Pilots, Tata
Locations:
Vistara, Air India, India