Savings dried up, no jobs: Jet Airways employees narrate stories of hardship
5 years, 7 months ago

Savings dried up, no jobs: Jet Airways employees narrate stories of hardship

India Today  

While there are many lucky ones who have been able to find jobs in the rival airlines post the Jet Airways fiasco, there are still a lot many who are struggling to get a job. He also asked if it was "so hard for the government to say a few words" for the Jet Airways employees. The Jet Airways employees have now decided to stage a protest in New Delhi outside the Rajiv Gandhi Bhawan on May 21. So now from Rs 80,000 in hand, I am getting Rs 22,000 in hand," said a Jet Airways employee based in Mumbai.

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History of this topic

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 1 month ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

Jet staff protest in Mumbai, demand action against top management
5 years, 8 months ago

Jet staff protest in Mumbai, demand action against top management

India Today  

The All India Jet Airways and Staff Association on Wednesday held a peaceful protest in Mumbai and submitted a letter to police requesting registration of a first information report against the management of Jet Airways and State Bank of India. Employees held placards in their hands which read "Save Jet Airways" and conducted a silent march from the departure terminal …

Jet employees' consortium writes to SBI, seeks permission to bid for crisis-hit airline
5 years, 8 months ago

Jet employees' consortium writes to SBI, seeks permission to bid for crisis-hit airline

India Today  

As uncertainty continues over the fate of the shuttered Jet Airways, an employees' consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two staff unions. Two associations representing pilots and engineers -- SWIP and JAMEVA -- have written to State Bank of India Chairman Rajnish Kumar …

Jet Airways CEO tells staff no word from promoters, banks on salaries
5 years, 8 months ago

Jet Airways CEO tells staff no word from promoters, banks on salaries

Live Mint  

In a clear indication of lack of support from the lenders on further funding, Jet Airways chief executive Vinay Dube has said it is painful that there is no commitment on the part of the all stakeholders on paying salaries to the employees which are due in a few days. The airline suspended operations after the SBI-led consortium of lenders …

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees
5 years, 8 months ago

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees

Firstpost  

Last week bank unions had written to Prime Minister Narendra Modi demanding the government take over the carrier to secure the jobs of its employees Mumbai: With an uncertain future staring at over 22,000 employees of the grounded Jet Airways, bank unions Monday suggested offering special loans to them to tide of their financial crisis arising from non-payment of salaries. …

Arun Jaitley promised to look into Jet Airways’ issues: CEO
5 years, 8 months ago

Arun Jaitley promised to look into Jet Airways’ issues: CEO

India TV News  

Finance Minister Arun Jaitley has assured to look into cash-strapped Jet Airways’ issues that have forced the airline to halt operations temporarily, its chief executive Vinay Dube said Saturday. Dube, along with Maharashtra Finance Minister Sudhir Mungantiwar, civil aviation secretary Pradeep Singh Kharola, the airline’s chief financial officer Amit Agarwal, representatives of pilots, engineers, cabin crew and ground staff unions …

Arun Jaitley promised to look into cash-strapped Jet Airways' issues: Airline CEO
5 years, 8 months ago

Arun Jaitley promised to look into cash-strapped Jet Airways' issues: Airline CEO

India Today  

Finance Minister Arun Jaitley has assured to look into cash-strapped Jet Airways' issues that have forced the airline to halt operations temporarily, its chief executive Vinay Dube said on Saturday. Dube, along with Maharashtra Finance Minister Sudhir Mungantiwar, civil aviation secretary Pradeep Singh Kharola, the airline's chief financial officer Amit Agarwal, representatives of pilots, engineers, cabin crew and ground staff …

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees
5 years, 8 months ago

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees

India Today  

Budget carrier SpiceJet Friday said it has already absorbed over 500 employees, including 100 pilots, of the grounded carrier Jet Airways and it is open to induct more as it adds more aircraft and routes in the times ahead. The Gurugram-based no-frills airline has already announced induction of 27 more planes -- 22 Boeing 737s and five turboprop Bombardier Q400s …

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines
5 years, 8 months ago

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines

Firstpost  

The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court. India’s oldest private airline, Jet Airways, has been grounded, after having been in operation for close to 26 years. The potential investors will need time to go over the books of Jet Airways and time is something …

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees
5 years, 8 months ago

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees

Firstpost  

Mumbai: Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube on Wednesday said the airline does not have an “answer” at present on the fate of its 20,000-odd employees during the stake sale process. The SBI-led consortium of lenders has offered prospective bidders ownership of the airline anywhere between 31.2 percent and 75 for which …

Jet Airways crisis: All domestic, international flights cancelled with immediate effect
5 years, 8 months ago

Jet Airways crisis: All domestic, international flights cancelled with immediate effect

India TV News  

All Jet Airways flight, domestic and international, cancelled with immediate effect. With the lenders rejecting a lifeline of Rs 400 crore on Wednesday, Jet Airways was left with no other option but to ground operations at least temporarily. The official announcement of grounding of operations made on Wednesday evening after the Jet Airways board had Tuesday authorised chief executive Vinay …

Jet Airways crisis latest news Updates: Vijay Mallya sympathises with Jet Airways, accuses govt of ‘discriminating’ between private, public airlines | India News – India TV
5 years, 8 months ago

Jet Airways crisis latest news Updates: Vijay Mallya sympathises with Jet Airways, accuses govt of ‘discriminating’ between private, public airlines | India News – India TV

India TV News  

Jet Airways crisis latest news update: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. "Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on …

Jet Airways lenders refuse more funding as airline risks shutdown
5 years, 8 months ago

Jet Airways lenders refuse more funding as airline risks shutdown

Live Mint  

Mumbai: Lenders to Jet Airways Ltd have refused funding to the cash-strapped carrier, according to people familiar with the situation, forcing the nation’s oldest surviving private airline to consider a temporary shutdown. Jet Airways, which broke into the monopoly of state-run Air India Ltd in the early 1990s, went in a tailspin after a slew of budget airlines started offering …

Jet Airways may ground all flights, govt moves to check fares
5 years, 8 months ago

Jet Airways may ground all flights, govt moves to check fares

Hindustan Times  

Delhi The future of cash-strapped Jet Airways Ltd hung in balance on Tuesday, with the management saying late in the evening that it was awaiting “emergency liquidity support” of ₹400 crore from a consortium of banks led by the State Bank of India, failing which it would have to temporarily suspend its already thinned operations. On Tuesday, civil aviation minister …

Jet Airways crisis: Mumbai-Delhi oneway airfare touches Rs 32,000 per ticket
5 years, 9 months ago

Jet Airways crisis: Mumbai-Delhi oneway airfare touches Rs 32,000 per ticket

India TV News  

Amid an unprecedented crisis in Jet Airways, airfares in India are continuously skyrocketing ever since the cash-strapped airline suspended its domestic and international flights. There was chaos at the Mumbai airport due to the suspension of Jet Airways flights," he said. Jet Airways is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals …

Jet Airways crisis: Pilots body appeals SBI to release Rs 1,500 crore, asks Narendra Modi to save 20,000 jobs
5 years, 9 months ago

Jet Airways crisis: Pilots body appeals SBI to release Rs 1,500 crore, asks Narendra Modi to save 20,000 jobs

Firstpost  

Jet Airways is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash Mumbai: Jet Airways pilots body, the National Aviator’s Guild, Monday appealed the State Bank of India to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of …

Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs
5 years, 9 months ago

Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs

Live Mint  

Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India to release ₹1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month. "We would like to appeal SBI to release ₹1,500 crore funds for the airline to help it continue operations. We also appeal Prime …

Jet Airways employees stage silent protest at Delhi Airport, seek unpaid salary
5 years, 9 months ago

Jet Airways employees stage silent protest at Delhi Airport, seek unpaid salary

Live Mint  

New Delhi: The employees of crisis-ridden Jet Airways took out a silent protest march demanding the payment of their dues outside the IGI airport's Terminal 3, here on Saturday. The Jet Airways employees organised the "Save Jet Airways Human Chain" and took out a peaceful, silent march outside Terminal 3 of the Indira Gandhi International airport. The development came on …

Jet Airways crisis deepens as 1,100 pilots vow to not fly, govt calls urgent meeting
5 years, 9 months ago

Jet Airways crisis deepens as 1,100 pilots vow to not fly, govt calls urgent meeting

India Today  

Around 1,100 pilots belonging to the National Aviator's Guild of India have threatened to stop flying for cash-strapped airline Jet Airways starting Monday, April 15. There is widespread worry over the financial situation of the airline, as several employees including some pilots protested against the airlines on April 13 over non-payment of salary. Lead lender SBI has been looking for …

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries
5 years, 9 months ago

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries

Live Mint  

Mumbai: The employees union of Jet Airways Ltd, which is facing its worst crisis, has sought to register first investigation reports against the airline's founder Naresh Goyal, chief executive officer Vinay Dube and SBI chairman Rajnish Kumar for non-payment of March salaries, even as passengers continued to bear the brunt of last-minute cancellations and missing refunds. Over 200 Jet Airways …

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead
5 years, 9 months ago

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead

India Today  

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said. "Despite Naresh Goyal's departure from Jet, lessors don't seem to think the carrier can be rescued, judging by the urgency …

Jet Airways pilots write to aviation ministry seeking pending salaries
5 years, 9 months ago

Jet Airways pilots write to aviation ministry seeking pending salaries

India Today  

Pilots of the Jet Airways have written to the Union Ministry of Civil Aviation highlighting their non-payment of their dues. "The payment of salaries of our members has been delayed and the schedule of payment is getting postponed further," the NAG said in its letter addressed to that aviation ministry, DGCA and Jet Airways. Jet Airways pilots have not been …

Jet Airways on verge of collapse, help us get pending salaries: Pilots write to PM Narendra Modi
5 years, 9 months ago

Jet Airways on verge of collapse, help us get pending salaries: Pilots write to PM Narendra Modi

India Today  

The pilots of financially-strapped Jet Airways have urged Prime Minister Narendra Modi and Civil Aviation Minister Suresh Prabhu to intervene and instruct the management to release their pending salaries. It will change the dynamics of aviation as fares will increase due to a reduction in capacity, and travelling public will face major inconvenience," said the National Aviators Guild, the registered …

Jet Airways pilots to stick to roster hours from 1 March over non-payment of salaries; operations to be hit
5 years, 10 months ago

Jet Airways pilots to stick to roster hours from 1 March over non-payment of salaries; operations to be hit

Firstpost  

The Jet Airways management was not immediately available for a comment on the development. Mumbai: Jet Airways’ operations are likely to be hit from next month with its pilots union NAG deciding to adhere to the duty roster from March 1 over non-payment of salaries, union sources said Monday. Earlier in the day, Jet Airways, a listed entity, told the …

Jet Airways poised to get ₹600 crore emergency loan
5 years, 11 months ago

Jet Airways poised to get ₹600 crore emergency loan

Live Mint  

Mumbai: Jet Airways India Ltd., the beleaguered carrier that’s in the midst of bailout talks with its partner and lenders, is set to get an emergency loan of as much as 6 billion rupees to help it tide over a cash crunch, according to people familiar with the matter. The fund infusion would come as a lifeline for Jet Airways, …

Trouble mounts for Jet Airways: Here are key factors that led to airline's financial crisis
6 years, 1 month ago

Trouble mounts for Jet Airways: Here are key factors that led to airline's financial crisis

India Today  

India’s biggest full-service carrier Jet Airways, which is going through a massive financial crunch, recently decided to stop free meals for most of its domestic economy class passengers from January, reported Reuters. Having said that, here are some important facts related to the financial crisis at Jet Airways: Three consecutive quarterly losses The premium airline suffered three back-to-back quarterly losses …

Jet Airways in talks to secure sustainable financing
6 years, 1 month ago

Jet Airways in talks to secure sustainable financing

Live Mint  

Mumbai: Jet Airways Ltd is in active discussions with various investors to secure sustainable financing, and cost optimisation efforts have resulted in savings worth ₹ 500 crore in the first half of the current fiscal, its chief executive officer Vinay Dube has said. “We are in active discussions with various investors to secure sustainable financing to navigate through the current …

Cash-strapped Jet Airways hands over pink slips to 20 employees including senior-level executives to curtail costs
6 years, 2 months ago

Cash-strapped Jet Airways hands over pink slips to 20 employees including senior-level executives to curtail costs

Firstpost  

Mumbai: Naresh Goyal-promoted Jet Airways has given pink slips to 20 employees, including some senior-level executives, who were working in the airline’s crucial in-flight services department, to curtail costs amid the severe cash crunch, an airline source said on Friday. Significantly, a decade back, Jet Airways had announced sacking of 1,900 employees, including 800 unconfirmed and under-probation employees, across all …

Jet Airways offers 25 lakh seats on sale at up to 30% discount
6 years, 4 months ago

Jet Airways offers 25 lakh seats on sale at up to 30% discount

Live Mint  

New Delhi: Cash-strapped private carrier Jet Airways has announced a six-day global flight ticket sale. Jet Airways has put up 25 lakh seats on discount of up to 30% on the base fare for domestic and international flights, applicable on select booking classes. People in the Gulf cities can book their travel to destinations in India, Nepal, Bangladesh, Sri Lanka …

Jet Airways drafts revival plan after ₹1,323 crore Q1 loss
6 years, 4 months ago

Jet Airways drafts revival plan after ₹1,323 crore Q1 loss

Live Mint  

New Delhi: Jet Airways Ltd on Wednesday reported a fiscal first quarter loss of ₹ 1,323 crore, excluding those of its unit, on higher fuel costs and foreign exchange losses. The Jet Airways board on Monday approved a turnaround plan for the airline, which includes a cost reduction programme of more than ₹ 2,000 crore over two years, a plan …

Jet Airways proposes to cut staff salaries to continue operations; who will blink first?
6 years, 5 months ago

Jet Airways proposes to cut staff salaries to continue operations; who will blink first?

Firstpost  

Whatever here on, the employees of the airline must be prepared for some tough times ahead as cost cutting reaches a fever pitch. Two things should be mentioned upfront here: First, Jet is a full service carrier with cost heads vastly different and inflated compared to the LCCs like market leader IndiGo and SpiceJet. A reduction of 15 percent in …

Jet Airways proposes to slash salaries by up to 25% amid efforts to cut costs; pilots, engineers say unacceptable
6 years, 5 months ago

Jet Airways proposes to slash salaries by up to 25% amid efforts to cut costs; pilots, engineers say unacceptable

Firstpost  

Jet Airways is in discussions with certain sections of employees on the salary cut proposal, which has been mooted amid efforts to save costs Mumbai: Battling financial woes, Jet Airways has proposed up to 25 percent pay cut for employees but the proposal has been rejected by pilots and engineers, sources said. Sources said the full-service carrier is in discussions …

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