Jet staff to get 8% of Rs 1,254 crore dues, 50 of 4,000 employees to be retained
MUMBAI: The employees of erstwhile Jet Airways will receive about eight percentage of the total sum owed to them by the airline, according to a response sent recently by the airline’s new owners Kalrock-Jalan consortium to queries raised by the employees. The consortium also clarified that out of the four-thousand odd staffers who remained with Jet for over two years after it suspended operations, only 50 will be retained in Jet 2.0. The employment prospects of the remaining staffers would be rather slim.
The consortium said that the estimated liquidation value — the estimated realizable value of Jet Airways 1.0 assets on the insolvency commencement date — owed to the erstwhile Jet Airways workers and employees is about Rs 100 crore.
