Monday, 6 July 2020

Tag Archives: Jet Airways

Pilots of India’s Jet Airways defer strike, seek salary dues

NEW DELHI: The pilots’ union of India’s troubled Jet Airways said on Sunday it will give the carrier’s new management two weeks to clear unpaid salaries, deferring its plan to take strike action. Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking ...

Read More »

India’s Jet grounds four planes after failing to pay lessors

MUMBAI: India’s Jet Airways has grounded four planes after failing to pay lessors, the airline said, in the latest evidence of financial distress at the debt-laden carrier. The airline – India’s second-largest by market share – is buckling under the weight of debts worth $1.1 billion and is urgently seeking ...

Read More »