Malaysia Airlines (MAS) has given its pilots sizeable pay rises to stop them from joining better-paying airlines.
The state-owned carrier has signed a memorandum of understanding (MoU) with the MAS Pilots’ Association (MAPA) “for revised terms and conditions of employment” for 1,254 pilots in west Malaysia and Sabah and Sarawak in east Malaysia. The agreement is backdated to September 2004 and valid until the end of August 2007.
“The deal includes significant upward revision in basic salary averaging 25%, a maximum 60% increase in the productivity allowance and retirement at 60,” says MAS. “We hope the new MoU is well appreciated by MAPA. More important than the improved financial offers are commitments to a framework of co-operation where the company delivers good management and the pilots good performance.”
MAS admits its salaries have fallen below those of other majors and many pilots have joined other carriers.
Source: Airline Business
