Jet Airways pilots threaten to go on indefinite leave
Saturday, March 30, 2019 • Tamil
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com
Send us your feedback to audioarticles@vaarta.com
Jet Airways' pilots haven't been paid their salaries for the last three months. Despite repeated requests, the distressed airline company's management has not honored the payment.
As a result, the pilots have said that they will launch a strike or go on indefinite leave from April 1 if their dues are not cleared before March 31. The pilots have written a letter to the company's CEO, saying that there has been no communication from the management in a transparent and fair way.
What ails the company?
Rising costs are the main culprit. Jet Airways hasn't been able to pay lease rentals to aircraft lessors. Even interest payment on its debts has stood defaulted since December.
The airline's creditors, a consortium of lenders led by State Bank of India recently took control of the company. A bidding process will be initiated soon and it is expected to be completed by June. Jet Airways needs Rs 1,500 crore immediately.
Follow us on Google News and stay updated with the latest!
Follow
Comments
Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
- logoutLogout
Login to post comment
More News
Headlines
-a3e.jpg "T.S. Balaiya made M.G.R. a hero... narrated by Jai Balaiya Ganesh.")
-3c4.jpg "Sivakarthikeyan has a strong interest in drama... The reason behind my success is Kamal... says Crazy Mohan.")
-e5c.jpg "It was wrong for Savitri to love Gemini. Everyone has a dark side... says actor Rajesh.")
-e66.jpg "In Andhra, Gemini was the villain, and there was emotional pain with her sister... Savitri's daughter Vijaya Chamundeswari.")
-71b.jpg "Looking at Crazy Mohan's dialogues, I developed an inferiority complex... explains Visu.")
-5d5.jpg "Love letters in bundles... it was women who pursued him... - Kamala Selvaraj")
-adc.jpg "Why did you choose alcohol as your companion, Amma?... Jayachitra on Nadigaiyar Thilagam (Savitri)")
-798.jpg "The truth that Sowcar Janaki says: 'If a biopic of politicians is made, it will stink")
-7c2.jpg "The astrologer said that I will act till the end of my life... Vennira Aadai Moorthy")
