Government-owned Air India can take over Jet Airways and get back the lucrative international/domestic routes if there are no white knight for the private airline, said a top All India Bank Employees' Association (AIBEA) leader.
"The government-owned Air India can take over Jet Airways if no investor is interested in taking it. If that happens, many of the lucrative international and domestic routes will come to Air India.
"There is no point in banks continued lending to Jet Airways as their loan of about Rs 8,500 crore is already a non-performing asset (NPA)," C.H. Venkatachalam, General Secretary, AIBEA, told IANS.
There could be rationalisation of staff so that a good number of jobs can be saved, he added.
Venkatachalam said the union has written a letter to Prime Minister Narendra Modi on the Jet Airways issue.
"We learn banks have invited bids from possible investors to take over the company. If it does not happen and no bidder is willing to invest and take over the airline, we urge upon the government to take over the airline so that the jobs and future of the thousands of employees, most of whom are young, are safe and without jeopardy," Venkatachalam told Modi in his letter on Friday.
19/04/19 IANS/Economic Times
To Read the News in full at Source, Click the Headline
"The government-owned Air India can take over Jet Airways if no investor is interested in taking it. If that happens, many of the lucrative international and domestic routes will come to Air India.
"There is no point in banks continued lending to Jet Airways as their loan of about Rs 8,500 crore is already a non-performing asset (NPA)," C.H. Venkatachalam, General Secretary, AIBEA, told IANS.
There could be rationalisation of staff so that a good number of jobs can be saved, he added.
Venkatachalam said the union has written a letter to Prime Minister Narendra Modi on the Jet Airways issue.
"We learn banks have invited bids from possible investors to take over the company. If it does not happen and no bidder is willing to invest and take over the airline, we urge upon the government to take over the airline so that the jobs and future of the thousands of employees, most of whom are young, are safe and without jeopardy," Venkatachalam told Modi in his letter on Friday.
19/04/19 IANS/Economic Times
0 comments:
Post a Comment