Jet Airways - Senior executives, some pilots, cabin crew leave Jet Airways
A senior executive at the airline says the upside potential of a revived Jet Airways is tremendous for all stakeholders and customers
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A senior executive at the airline says the upside potential of a revived Jet Airways is tremendous for all stakeholders and customers
The insolvency resolution process of Jet Airways started in June 2019 after its then-promoters failed to provide liquidity.
Furthermore, the airline has also cut some employees’ salaries by up to 50 per cent, according to a CNBC-TV18 report.
CEO Sanjiv Kapoor says less than 10 per cent of the total staff would be on temporary Leave Without Pay and one-third would be on temporary pay reduction
NEW DELHI/MUMBAI: Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take “difficult” near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC’s resolution plan was approved under the […]