Mumbai : Amid Jet Airways battling financial problems and coming under the regulatory scanner, an employees’ union of the airline has sought clarity from the management on the issues that have led to the current situation.
Flagging concerns, the Jet Airways Staff and Officers’ Association, which claims to have around 10,000 members, has written to CEO Vinay Dube seeking a meeting with him to have a comprehensive understanding of the factors. The association has also complained that the management was wasting financial resources on “inefficient” operations and hiring of foreign pilots. The letter comes against the backdrop of the airline deferring announcement of quarter results, exploring cost-reduction ways, coming under the regulatory lens for alleged corporate governance lapses and talks of a possible pay cut for the employees.
New Delhi: The Ministry of Corporate Affairs (MCA) has sought details from crisis-hit Jet Airways about certain issues as well as from its auditors on the postponement of quarterly results, a senior official said. The full service carrier is exploring ways to reduce costs amid financial woes. A senior ministry official said the Registrar of Companies (RoC) has asked for details from the airline about certain issues and that the process is going on.
