CEO Vinay Dube pens an emotional letter to its employees
Grounded Jet Airways’ chief executive officer, Vinay Dube in a clear indication of lack of support from the lenders on further funding, has said it’s painful that there is no commitment on the part of all stakeholders on paying salaries to the employees which are due in a few days.
The now-grounded airline has not paid March salaries to its over 20,000 employees. Jet ceased operations on April 17. April salary is due in a few days.
The airline suspended operations after the SBI-led consortium of lenders rejected its demand for an Rs 983-crore lifeline to help carry out operations and pay to the employees their March salaries.
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Union Budget 2020
7 Points To Know
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