Bhoja Poojari has handled baggage for India’s Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis.
“If this continues, I do not know what to do,” said the 53-year-old father of two, who has not been paid in nearly two months and may be forced to sell his house.
“I feel like my hands are tied and I can’t sleep at night,” said Poojari. “I haven’t told my children anything. They are very young, but they know something is wrong.” Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes on Wednesday after lenders rejected a plea for emergency funds.
