According to sources in another blow to the beleaguered Jet Airways, 260 pilots of the airline appeared for a walk-in interview session organized by Spice Jet. Meanwhile sources told that 260 pilots, including 150 captains, came for the interviews organized at Mumbai for Boeing 737 rated captains, non-type rated captains and first officer with frozen airline transport pilot license (ATPL).
Reportedly Jet is sitting on a pile of Rs 8,000 crore debts and has been unable to furnish installments for loan repayment. This has led to the grounding of 78 of 119 aircraft in its fleet and withdrawal of close to 1,000 flights. Financial troubles have also led to non-payment of salaries to its employees, including pilots, since December, who have now threatened to stop flying from April 1 if their dues are not cleared by March-end.
Moreover the decision was taken at the annual meeting of the airline's domestic pilot body, which represents around 1,000 pilots at the airline. Apparently a new resolution process for the cash-starved airline is being worked out by lenders after minority stakeholder, Etihad Airways, decided against the infusion of Rs 750 crore as capital and walking out of the airline completely.