Jet Airways defaults on salaries yet again, seeks 13 more days

New Delhi: The crisis-hit Jet Airways has yet again defaulted on the salaries of its employees. The cash-strapped airline has told its employees that some portion of their August salaries will be disbursed on October 9. The latest communication comes after earlier this month the company said it will release the employee salaries in two different instalments — one on September 11 and the remaining on September 26. The company has paid the first half’s salaries to its employees but failed to disburse the remaining part in full. A Jet Airways spokesperson said the airline has released 50 per cent of the second instalment to the employees concerned and would release the remaining part on October 9. UAE’s national carrier Etihad holds 24 per cent stake in the debt-ridden Jet Airways.

“While we have remitted the first instalment, please note that we shall be remitted 50 per cent of the second instalment today and defer the remaining sum to a later date. The company is committed to honouring its obligations and shall make every effort to release the remainder by October 9, 2018,” Jet Airways Chief People Officer Rahul Taneja said in a communication addressed to pilots, aircraft maintenance engineers and senior management on Wednesday, reported PTI. Taneja has also expressed “regret” over the change of plan and inconvenience caused to the employees.

Pilots working with Naresh Goyal-led carrier had earlier threatened its management of “non-cooperation” over further delays in the disbursement of their salaries.
27/09/18 Business Today

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