‘Situation might get tougher before it gets better,’ Jet CEO writes to employees

NEW DELHI: The Jet AirwaysNSE 9.16 % management on Thursday told its employees that the airline is hopeful of being “very close” to finding a solution to its serious financial woes. The airline has been defaulting on salary payment to pilots, engineers; loan repayment to banks and payments to stakeholders like aircraft lessors and maintenance companies. It is in talks with Etihad, some Indian