Published: Wed, April 17, 2019
Markets | By Otis Pena

Over 1,000 Jet Airways pilots not to fly from Monday

Over 1,000 Jet Airways pilots not to fly from Monday

In another development, the employees' association of Jet Airways asked the Mumbai Police to register a case against the company's founder and former Chairman Naresh Goyal, CEO Vinay Dube and SBI Chairman Rajnish Kumar.

The pilots, along with engineers and senior management, have not received salaries since January.

The airline on Thursday operated only about 14 aircraft, down from 26 last week, inviting government scrutiny over Jet's regulatory compliance for worldwide flying.

The union of more than 1,100 pilots as members, National Aviator's Guild (NAG) also sought help from Prime Minister Narendra Modi in saving 20,000 jobs at stake.

He said that now Jet Airways is operating only 11 planes and has suspended its global operations till Monday afternoon.

India's beleaguered Jet Airways was staring at a fresh crisis today as hundreds of pilots and other top staff threatened to go on strike over unpaid salaries.

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The availability of flights was also hit by pulling out of SpiceJet's 12 "737 Max" aircraft in March over safety concerns following an Ethiopian Airlines plane crash on March 10. "In light of the meeting, members have requested through their Team Leaders that call of No Pay No Work be deferred to give the airline a chance of survival".

A collapse of Jet Airways, with 23,000 employees, could further dent his credentials. Pilots and engineers began to jump ship, taking jobs at rival Indian airlines. Dozens of uniformed Jet workers protested on Friday at Mumbai's Chhatrapati Shivaji Maharaj International Airport, where they carried signs that read: "Save Jet Airways" and "Save our future".

Jet Airways successfully managed to hold its own as a full-service airline in the tough Indian market after first breaking into the monopoly held by state-run Air India in the early 1990s, according to Bloomberg.

The stake sale in Jet Airways ended on Friday. The airline will create appropriate security over the company's assets for securing the existing facilities extended by the lenders and the proposed immediate funding support of up to Rs 1,500 crore by way of an appropriate debt instrument.

State Bank of India, which heads a lenders' consortium now in charge of the airline, has given Jet until Monday to submit an operations plan before it considers a US$145 million (RM596.6 million) cash injection.

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