Reportedly as Jet Airways on Wednesday informed employees that salaries for March will be delayed, the troubles for the beleaguered airline seem to be far from over. Rahul Taneja, Chief People Officer, Jet Airways, in a communication to employees said "In the light of the current situation, please note that salaries for March 2019 will be deferred. We will provide you an update on the status of the payout by Tuesday, 9 April 2019”.
Furthermore the National Aviators Guild, which is the domestic pilots union of Jet Airways has written to DGCA and to Jet’s CEO demanding interest on their delayed salaries. Meanwhile they wrote saying that delayed salaries is making life difficult for pilots, who have EMIs, school and college fees to be paid along with medical bills of ageing parents.
Moreover the airline, hard-pressed for funds, is yet to receive the first tranche of the Rs 1,500 crore, promised by banks as part of the debt resolution plan, its fleet size has depleted to 28, employees and lessons remain adamant on clearance of dues, and legal eagles feel the fate of resolution plan hangs in balance. Reportedly under the lenders'-initiated resolution plan, the airline will leverage the funding to partly clear pending dues towards the lessons, vendors, creditors and employees in a phased manner.
