Embattled Jet halted all flight operations indefinitely on 17 April after its lenders rejected its plea for emergency funds
Over 1,300 pilots are on the street after Jet Airways announced halting of operations on 17 April, endangering the jobs of over 20,000 employees.
Jet Airways crisis: Pilots body appeals SBI to release Rs 1,500 crore, asks Narendra Modi to save 20,000 jobs
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
Jet Airways crisis: Airline's domestic pilots body serves legal notice, sets 14 April deadline to clear salary dues
Jet Airways domestic pilots body, the National Aviators Guild (NAG) on Tuesday served a legal notice to the airline, setting 14 April deadline for the new management to clear their salary dues
Jet Airways crisis deepens: With 15 more planes grounded for lease rental defaults, airline has just 20 aircraft in operation now
With the latest development, With this, the number of Jet Airways planes grounded on account of lease rental defaults alone touched 69
Jet Airways crisis: SBI-led consortium draws out fresh plan to revive debt-laden airline; Etihad not keen to invest more
Etihad, Jet Airways' previous strategic partner, is not keen to invest more and hike its stake in the cash-strapped airline, said the report.
Jet Airways pilots defer strike to 15 April; SBI-led consortium says can remit only December salary to staff
Jet Airways has been defaulting on salary payments to pilots, engineers and senior management since August last year
Jet Airways' pilots say they remain committed to airline; will ensure company returns to former glory
The development came a day after Jet Airways chairman Naresh Goyal and his wife Anita holding 51 percent of the equity resigned from the board and transferred control to the lenders.
Jet Airways' domestic pilots body, the National Aviators Guild (NAG), on Tuesday sought a meeting with State Bank chairman Rajnish Kumar over pending salaries, a day after the lenders took over the carrier founded by Naresh Goyal a quarter of a century ago
Goyal has reportedly agreed to cut his stake in the airline to 9.9 percent from earlier 51 percent. Airline's chief executive Vinay Dube is expected to stay on board
Jet Airways pilots threaten to stop flying from 1 April; set 31 March deadline on bailout plan, salaries dues payment
The decision was taken at the annual meeting of Jet Airways domestic pilots body National Aviators Guild after a meeting here lasting for over 90 minutes.
The meeting assumes significance as it comes in the backdrop of drastically reduced operations and non-payment of salaries to pilots along with engineers and other senior staff for more than three months now.
Aircraft lessors have been supportive of the company's efforts to improve its liquidity, Jet Airways said.
Jet Airways pilots to stick to roster hours from 1 March over non-payment of salaries; operations to be hit
The Jet Airways management was not immediately available for a comment on the development.
Further, Jet Airways said it was "working out a mutually acceptable arrangement to ensure that the company becomes current on its salary overdues".
Cash-strapped Jet Airways to get a new investor on board soon; airline's bids to trim costs underway amid pilots' salary woes
The loss-making Jet Airways has been defaulting on salary disbursement to its senior management along with pilots and engineer since August due to severe cash crunch.
Jet Airways has partially paid the salaries of these staff members for September even as the full salaries of October and November remain unpaid.
Jet Airways to clear September salary dues on 4 December; to come out with revised payment schedule soon
Jet Airways pilots had last week threatened not to perform additional duties from 1 December if their salary dues were not cleared by 30 November.
Tata Sons to go slow on deal to acquire debt-laden Jet Airways, may seek non-compete agreement with Naresh Goyal
Tata Sons board may want a full-blown due diligence report by a reputed firm before taking a call to acquire debt-laden Jet Airways
Jet Airways salary delay: Pilots not to perform additional duties from next month if dues not cleared by 30 November
Jet Airways has been reporting losses since last three successive quarters and defaulting on salary payments to a section of its staff.