The fate of revival of Jet Airways once again plunged into air pocket when the airline’s CEO Vinay Dube on Friday wrote to the employees expressing his frustration over inability to pay their salaries as the lenders continue to deny any interim funds. Dube has basically expressed his doubts regarding the airline’s ability to preserve whatever value it is left with in the absence of release of interim fund by the banks.
“While on the one hand, we are being told to preserve the value of Jet Airways during the bid process, on the other hand, with no salary payment, some of our colleagues, who are the very fabric and value of this airline, have no choice but to find employment elsewhere. When we highlight the disappointing irony of this situation to the lenders, we are simply told that this problem is to be addressed by the company’s shareholders, who should and could have agreed on a resolution plan a long time ago,” Dube has written.
