Covid-19 impact: Trujet reduces salaries of employees by minimum 50%

The airline said it is "facing serious financial crunch/cash flow situation"

Regional airline Trujet Tuesday said it has decided to slash the salaries of its employees by minimum 50 per cent due to a "serious financial crunch" precipitated by the coronavirus pandemic.

The Hyderabad-based company, which has a total of seven ATR aircraft in its fleet, said in a letter to employees that those who have gross salaries between Rs 15,001 and Rs 10 lakh will see a reduction of 50 per cent.

Those employees who earn more than Rs 10 lakh will see a salary reduction of 60 per cent, the letter said, adding that this decrease will come into