INSUBCONTINENT EXCLUSIVE:
Jet Airways' employees staged a protest in Mumbai demanding that the airline be saved from shutting down
Jet Airways' pilots appealed to the State Bank of India to release funds to the tune of Rs 1,500 crore for the airline, trade union
National Aviator's Guild said on Monday, according to news agency Press Trust of India
The trade union, which has more than 1,100 pilots of the airline as its members, also asked Prime Minister Narendra Modi to help in saving
20,000 jobs at stake, PTI reported
The SBI-led group of lenders had last month taken control of the airline and agreed to provide an immediate funding support
Here are 10 things to know about the Jet Airways crisis:Cash-strapped Jet Airways' management is meeting its group of
debt-ridden airline flying as it teeters on the brink of collapse.Jet Airways' employees staged a protest in Mumbai demanding that the
much lower pay than their current salaries at the financially-troubled Jet
Pilots from Jet Airways are being asked to take salary cuts of 25-30 per cent while engineers have been advised to settle at 50 per cent of
their current pay package, news agency IANS reported.The SBI-led consortium is trying to find a buyer for Jet, which was until recently the
country's second-biggest airline by market share.The meeting also assumes significance as it comes amid thousands of passengers being
stranded after the cancellation of international flights in the last few days.Hundreds of staff protested in Delhi and Mumbai over the
weekend demanding to be paid and calling for the company to be rescued.The airline has only seven jets left after dozens of others were
seized by creditors in recent weeks
Pilots, engineers, and ground staff who have not been paid for three months and have said they will call for a strike if the banks do not
inject emergency funds.A deadline passed on Friday for prospective bidders to express an interest in acquiring a 75 per cent stake in the
up 0.24 per cent.(With agency inputs)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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