Jet Airways on Friday told its employees that despite its best efforts there has been no clarity or commitment on salaries by any of its stakeholders.
In a mail to employees, Jet Airways CEO Vinay Dube said the leadership team had spent the last few days trying to convince the consortium of Indian banks (led by the State Bank of India) to release some funds for employees, while continuing to support the bank-led bid process for the airline.
“We have told them repeatedly that our employees are facing grave hardships owing to non-payment of their salaries and that if this were to continue any longer, our employees will have no option but to find employment elsewhere. Unfortunately, the banks have said that they are unable to make any salary commitments, if at all, until after the bidding process is complete,” Mr. Dube wrote.
