Jet Airways Chairman Naresh Goyal has told employees he was willing to make any sacrifice for the viability and prosperity of the airline and assured them of detailed update on the resolution by March 18. This is the second communication from Goyal in a week and follows a joint statement he issued with Etihad Airways Chief Executive Officer (CEO) Tony Douglas.
Jet has delayed salaries and vendor payments and had to ground 21 planes due to non-payment of lease rents. A resolution plan is being finalised to restore the stressed airline but differences have emerged between the airline partners and lenders on issues related to equity infusion, debt guarantees, concessions and waivers.
