INSUBCONTINENT EXCLUSIVE:
An SBI-led group of creditors has taken over the management of cash-strapped Jet AirwaysDebt-laden Jet Airways said in a letter to its
employees on Wednesday that the salaries for the month of March will be deferred
pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt
Jet Airways' pilots have been threatening to stop flying if their dues are not cleared
fund infusion of Rs 1,500 crore.Hi Everyone,In the current difficult times, the management team has been working with the lenders and other
institutions to finalise a resolution plan which will help us stabilize our operations and build a sustainable future for the airline
However, given the complexities of such processes, it has taken us longer than expected
However, please be assured that we continue to strive and are in continuous deliberations with the lenders and institutions to find a
In light of the current situation, please note that salaries for March 2019 will be deferred.We would like to assure you that we are making
every possible effort to remit salaries at the earliest and we request you to bear with us through these difficult times
You have always stood by the company and have demonstrated exemplary patience and we seek your support yet again
We will provide you an update on the status of the pay-out by Tuesday, 9 April 2019.Once again, We sincerely acknowledge you standing with
us through these challenging times and no words can express our gratitude for your unwavering support, loyalty and commitment towards the
organisation.Regards,Rahul TanejaChief People OfficerGet the latest election news, live updates and election schedule for Lok Sabha
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