Monday, November 19, 2018

Jet Airways management to meet pilots on November 20 on salary payments

National Aviators Guild, the union of Jet Airways pilots, will meet the airline's senior management on November 20 to discuss payment of pending salaries.

Sources told Moneycontrol the pilots haven't been paid 25 percent of their September salary and that for the whole of October.

"The pilots want salary regularised as soon as possible," an executive from the industry said.

The airline had deferred salary payment to pilots after facing an acute liquidity crunch. Earlier this month, it reported a third straight quarter of losses. Jet Airways suffered a loss of Rs 1,297 crore in the second quarter, burdened by increasing crude rates, falling rupee and low fares.
The airline is also said to have waived off notice periods for pilots putting in their papers.
19/11/18 Prince Mathews Thomas/moneycontrol