Wednesday 3 October 2018

Cash-strapped Jet Airways defaults on salaries again, more employees hit

High selling, distribution costs of debt-laden Jet Airways under scanner

After delaying salary to its pilots and engineers along with senior management, Jet Airways has now defaulted on the payment of September salary to other categories of employees as well, an airline source said Wednesday.

The Mumbai-based full-service airline, partially owned by UAE national carrier Etihad Airways, has been facing financial problems for quite some now.

The Naresh Goyal-controlled airline is struggling to mop up funds to meet its payment obligations, including salaries to its over 16,000-strong workforce.

"We generally get our salary on the 1st of (every) month. Last month, the airline had paid to all employees except senior management, pilots and engineers on time.

"But this time (September), they have failed to pay even to other categories of employees such as manager and above levels," the source said.

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