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“The training and stressful work needed to become and work as a pilot require choices of women that go against most of the gendered expectations our society has of them at that age: to have babies,” she said. EQUAL RIGHTS Because pilot pay is based on seniority and flying hours under union agreements, it is one of the rare professions in India where there is no gender pay gap. The starting salary, including flying allowance, for pilots there is $25,000 to $47,000 a year depending on the airline and type of aircraft. That is similar to the starting salary for corporate lawyers or architects.
About 13 percent of the pilots at IndiGo, operated by InterGlobe Aviation Ltd (INGL.NS), are women, up from 10 percent five years ago, the company said, Some of IndiGo’s 330 female pilots are also managers, The 14k gold cufflinks company provides day care and says it offers pregnant women office duties and an allowance equivalent to what they would have earned flying, helping them “constructively stay engaged with the profession.”, At SpiceJet Ltd, (SPJT.BO) 12 percent of pilots are women, including some department heads, and there is a mandate to grow that to 33 percent in the next three years, chairman Ajay Singh said this year at the Farnborough Airshow in Britain, The company also gives women a fixed monthly flying schedule..
Because everyday safety can be a concern for women in India, airlines offer a pick-up and drop-off service from 6 p.m. to 6 a.m. Women are accompanied by an armed guard - a practice introduced after a horrific rape in New Delhi in 2012. “It is the safest job. Women are more protected here than in any other place,” Singh said. A year after graduating from flight school in 2002, Rupinder Kaur struggled to find a job and wondered whether spending 2 million rupees to get her flying license had been the “biggest blunder” of her life.
It took a year, she said, but she finally landed a job at a regional airline, Air Deccan, Now, with India’s aviation market booming, finding work is easier, says Kaur, 37, a pilot at IndiGo working on secondment with India’s aviation regulator as a flight operations instructor, “In India it is generally a rat race, where you choose a profession based on what the majority of people are doing,” she said, adding that 14k gold cufflinks airlines should ensure women make up a certain percentage of their workforce, especially in piloting..
“It is still not that easy for us. We have to give our 200 percent,” she said, because women are expected to efficiently manage families and jobs. The stakes are high for the country as a whole. Women contribute 18 percent to India’s gross domestic product, and only a quarter of India’s workforce is female, according to a report by consultant McKinsey. In China, women contribute 41 percent of the country’s economy and make up nearly half the workforce. Recruiting more women to work could help India boost its GDP by 18 percent, or $770 billion, over the usual annual growth, McKinsey said.
SYDNEY (Reuters) - Australian office landlord Investa Office Fund IOF.AX said it will study a $2.4 billion takeover bid from Canada’s Oxford Properties Group, an offer that was criticized by rival suitor Blackstone (BX.N) which also threatened to drop its own bid, Oxford had lobbed a last-minute A$3.3 billion ($2.4 billion) offer for Investa on Tuesday that was A$90 million higher than U.S, private equity firm Blackstone Group’s bid which had already won the 14k gold cufflinks backing of the target, Investa said on Wednesday it is adjourning a planned shareholder meeting for Thursday that was set to vote on Blackstone’s offer while it weighs the attractiveness of Oxford’s bid..
Blackstone, in a letter to Investa, said the Oxford offer was “not a superior proposal” and that it reserved its rights to terminate its bid and claim a break fee if the meeting were to be adjourned and Oxford’s offer deemed better. “The alternative proposal is subject to completion of full due diligence .. (and) there is a lack of funding certainty for the transaction,” the letter, which was released to media, said. A Sydney-based spokeswoman for Oxford Properties Group, the real estate investment arm of Canadian pension fund OMERS, was not immediately available for comment.
Investa has been a takeover target for years, as tight supply and strong growth lift rents in Australia, especially in Sydney where 14k gold cufflinks the company’s towers are concentrated, Oxford’s offer is also slightly above the book value of the 20-property portfolio, which, besides Sydney, includes towers in Brisbane, Melbourne and Perth, But, according to Blackstone, its rival lacks experience in Australia and does not have funding secured for the deal, “It is our belief that pursuing the alternative proposal will provide uncertainty to IOF unitholders,” the letter says..