Delhi HC issues notice to Jet on consumer plea seeking full refund
According to industry estimates, Jet Airway’s total debt stood at Rs 8,000 crore till March 2019 while its pilots and crew had been approaching other airlines for employment.
According to industry estimates, Jet Airway’s total debt stood at Rs 8,000 crore till March 2019 while its pilots and crew had been approaching other airlines for employment.
Jet Airways pilots had appealed to the State Bank of India (SBI) to release Rs 1,500 crore for cash-strapped airline’s survival but the request was refused.
If there are no buyers for the airline, then the bank dues have to be settled by the airlines first before making the final settlement to their employees.
This comes a day after Jet Airways pilots appealed to the SBI to release Rs 1,500 crore and also urged Prime Minister Narendra Modi to help save 20,000 jobs.
With the management of Jet Airways scheduled to meet the lenders on Monday, the NAG has deferred its 'no flying' call.
Amid mounting dues, the airline Tuesday reportedly offered leave without pay to its Boeing 737 pilots to restrict the spiralling outstanding salary dues.
Gasping for funds and no bailout on the horizon, the Naresh Goyal-controlled airline has now reduced its operations to one-fourth from over 600 daily flights earlier.
The loss-making Jet Airways has been defaulting on the payment of salaries to its senior management, pilots and engineers since August due to a severe cash crunch.
