{"id":285659,"date":"2019-08-02T06:16:34","date_gmt":"2019-08-02T06:16:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285659"},"modified":"2019-08-02T06:16:34","modified_gmt":"2019-08-02T06:16:34","slug":"no-relief-for-jet-airways-employees-lenders-reluctant-to-release-funds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-relief-for-jet-airways-employees-lenders-reluctant-to-release-funds\/","title":{"rendered":"No relief for Jet Airways employees, lenders reluctant to release funds"},"content":{"rendered":"<p>Employees of grounded carrier Jet Airways are unlikely to get their dues \u2014 salaries and other emoluments \u2014 amounting to Rs 93 crore, anytime soon after lenders on Thursday expressed their inability to provide any further funds, sources told FE. The airline\u2019s senior management, pilots and engineers have not been paid since January while other employees have not been paid since March.<\/p>\n<p>The committee of creditors (CoC) had in July approved interim funding to the tune of Rs 70 crore for maintenance and upkeep of Jet\u2019s assets and to cover some costs of the corporate insolvency resolution process. Of this, State Bank of India has released Rs 10 crore while other lenders are yet to provide funding, sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employees of grounded carrier Jet Airways are unlikely to get their dues \u2014 salaries and other emoluments \u2014 amounting to Rs 93 crore, anytime soon after lenders on Thursday expressed their inability to provide any further funds, sources told FE. The airline\u2019s senior management, pilots and engineers have not been paid since January while other employees have not been paid since March. The committee of creditors (CoC) had in July approved interim funding to the tune of Rs 70 crore for maintenance and upkeep of Jet\u2019s assets and to cover some costs of the corporate insolvency resolution process. Of this, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-285659","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=285659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}