HYDERABAD: Over 1,000 employees of grounded Jet Airways India Ltd have volunteered to forego salaries, take remuneration cuts besides borrowing money to buy shares and own equity in the airline.
On Tuesday, the Sankaran P Raghunathan-led team representing minority shareholders and frequent flyers, submitted a fresh save-the-airline proposal — ROJA or Revival of Jet Airways — to banks, SBI Capital, Etihad Airways and NIIF.
“Employees are airlines’ biggest asset, but sadly no one’s talking to them. Our survey revealed that employees are willing to take salary cuts and even borrow to buy shares to help the company get back on its feet,” Rajesh Soundararajan, one of the nine professionals who devised ROJA told TMS. Incidentally, Jet’s CEO Vinay Dube, who supported the proposal, quit on Tuesday.
