Salary dues of Jet staff: No life jacket in sight yet
Attempts by Jet Airways CEO Vinay Dube to get emergency funding from banks and existing shareholders to pay employees’ salary dues have not yielded any positive results.
The banks have told the airline’s management that additional funding can be made available only after the bidding process is over and there is certainty about on-boarding a new investor to revive the airline. Requests to promoter Naresh Goyal and existing shareholders, including Etihad, for payment of salary arrears have also not resulted in a favourable outcome.
