Wednesday, October 10, 2018

Jet Airways clears Aug salaries of senior staff; says Sep payments will be delayed

Mumbai: Crisis-hit Jet Airways Tuesday paid the balance amount of salaries for the month of August to its pilots, engineers and senior management, but told them that September payments would be delayed, sources said. As part of a staggered payment plan, the full service carrier was to clear the remaining 50 per cent of the August salary to these personnel on September 26. On the scheduled date, the airline could pay only half of that amount due to paucity of funds. The remaining money was to be paid on October 9, which the airline did. "We have received the remaining 25 per cent of our salary on Tuesday and with this payment, the airline has cleared our August salary dues. But it has still to disburse the September salary," a Jet Airways pilot associated with the National Aviators Guild (NAG) told PTI. Jet Airways Chief People Officer Rahul Taneja told pilots, Aircraft Maintenance Engineers (AMEs) and senior management team that it has remitted the balance of the August 2018 payroll on Tuesday.
"I sincerely regret that owing to unprecedented circumstances, including the continuing rise in the price of Brent fuel and the appreciation of the US dollar, there will be a delay in the payment of the September 2018 payroll," he said in a communication. Noting that these delays are unavoidable, Taneja also said every effort would be made to release the September salary at the earliest. "Once again I regret the change in remittance plan and the resulting inconvenience...," he said in the communication seen by PTI. The National Aviator's Guild (NAG) told its members the management has conveyed that it is not in a position to honour the October 11 commitment for part payment of salaries and no firm date has been given for making the payment. NAG represents around 1,000 pilots of Jet Airways. The September salaries was to be paid in two instalments -- on October 11 and October 26. In a statement, the airline said it remains committed to honour the obligations.
10/10/18 PTI/Business Today

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