Tuesday, October 09, 2018

Jet Airways pays August salary dues of senior management, pilots

Cash-strapped Jet Airways Tuesday paid the balance amount of August salary to its senior management, pilots and engineers.

The Naresh Goyal-promoted full service carrier was scheduled to clear the remaining 50 per cent of the August salary to these personnel on September 26 as part of a staggered-payment plan. Jet Airways, however, could pay only half of the amount on the scheduled date due to paucity of cash and deferred the payment of the remaining amount to October 9. "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 Aviator's Guild (NAG) told PTI.

Notably, the airline management had on October 5 assured its domestic pilots body, NAG, of disbursing the remaining amount of August salary by Tuesday. The airline, which is struggling to raise capital for its various payment obligations, including payment of salaries to its 16,000 employees, received a breather from its loyalty programme Jet Privilege Private (JPPL), its joint venture with Etihad, which offered it about Rs 258 crore for the advance purchase of discounted tickets.
09/10/18 PTI/DNA