Journalism of Courage
‘Where are my clipped wings,’ Jet Airways’ employees protest after airline grounded
The airline will need at least Rs 5,000-6,000 crore for revival and get back to normalcy. The company said it will now await the bid finalisation process by SBI and the consortium of Indian lenders.
Updated: April 19, 2019 09:47 IST
1 / 6Jet Airways, once India’s largest private airline, Wednesday decided to temporarily suspend operations. (Express Photo by TashiTobgyal)
2 / 6A consortium of lenders refused to consider extending emergency funding of Rs 983 crore to keep the airline flying. (Express Photo by TashiTobgyal)
3 / 6The closure of the airline’s operations has rendered around 16,500-plus employees including hundreds of pilots, who were not being paid salaries for several months, virtually jobless. (Express Photo by TashiTobgyal)
4 / 6In a mail to employees, Jet Airways CEO Vinay Dube said, “We don’t have an answer today to the very important question of what happens to us employees during the sale process.” (Express Photo by TashiTobgyal)
5 / 6But he asked them to “keep doing their job as best as possible”. (Express Photo by TashiTobgyal)
6 / 6The airline which started defaulting three months ago was looking for an investor to pump in funds but failed to get any funding source. (Express Photo by TashiTobgyal)
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