Mumbai: ‘Jet staff to get 8% of Rs 1,254 crore dues, 50 of 4,000 employees will be retained’
MUMBAI: The employees of erstwhile Jet Airways will receive about 8% of the total Rs 1,254 crore owed to them, according to a response sent recently by the airline’s new owners, Kalrock-Jalan consortium.
The consortium also clarified that of the 4,000-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 liquidation value—the estimated realizable value of Jet Airways 1.0 assets on the insolvency commencement date—owed to the workers and employees is about Rs 100 crore. That is about 8% of the Rs 1,254 crore accepted claims Jet owes to its staffers towards payment of provident fund, gratuity, leave encashment and about six months’ salary.
