Jet Airways' renewed hope: Is the bankrupt airline ready to fly again?
Despite significant challenges, there is renewed hope of the iconic Jet Airways taking off again
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Despite significant challenges, there is renewed hope of the iconic Jet Airways taking off again
President of All India Jet Airways Officers Association, Kiran Pawaskar, told Business Today, “This is the first time in the aviation industry that terminal benefits have been made payable."
The association has asked for payments of gratuity, unpaid wages, privilege leave encashment, and bonus from April 2018 to June 2019, and retrenchment compensation.
All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan.
MUMBAI, May 26: All India Jet Airways’ Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium’s resolution plan for the airline. In October 2020, the airline’s Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of the UK’s Kalrock Capital and the UAE-based entrepreneur Murari Lal Jalan. The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT). Last week, Jet Airways’ air […]