1,100 Jet Airways pilots decide not to fly from April 15: NAG

Marco Green
April 14, 2019

A tweet from ANI reporting the move cited a message to Jet Airways staff from the National Aviator's Guild, which had earlier advised more than 1,000 pilots who have not been paid for three months to stop flying from Monday.

"The pilots are divided on the issue of going on a strike as there are hardly any flights left to operate".

It is also unlikely that the airline will restart its global services, which had been suspended till April 15. The pilots along with engineers and senior management have not received salaries since January. The airline, which is close to being shut down if its lenders don't transfer funds, had also deferred paying March salaries to all its employees. Jet pilots have not been receiving salaries for over three months. The fleet is down from its original strength of 119 planes.

Struggling for survival due to a severe cash crunch, Jet Airways has suspended its operations in SAARC and ASEAN regions indefinitely, besides extending suspension of its services to Toronto and Paris from Chennai and back. But given its high debt, of over Rs 8,000 crore, the lenders have been reluctant to put in more money.

An SBI spokesman could not immediately comment on the emergency funding being considered by lenders for Jet Airways. Instead, the banks have been putting just enough to keep the airline alive on a daily basis.

The airline management has been holding discussions with bank officials, even as the bidding process is on.

Abu Dhabi-based Etihad Airways, which owns a 24-percent stake in the airline, private equity fund TPG Capital, the government-owned sovereign fund National Investment and Infrastructure Fund, and ousted chairman Naresh Goyal are among those to have submitted bids, the Business Standard reported.

Kharola said the company will meet bankers on Monday for an infusion of funds in the interim, the TV channel said.

Other reports by Click Lancashire

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