Vinay Dube tells Jet staff no word from promoters, banks on salaries

Vinay Dube tells Jet staff no word from promoters, banks on salaries

AgenciesUpdated: Tuesday, May 28, 2019, 11:51 PM IST
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Mumbai: In a clear indication of lack of support from the lenders on further funding, Jet Airways CEO Vinay Dube has said it is painful that there is no commitment on the part of the all stakeholders on paying salaries to the employees which are due in a few days.

The now grounded airline has not paid March salaries to its over 20,000 employees. Jet ceased operations on April 17. April salary is due in a few days. The airline suspended operations after the SBI-led consortium of lenders rejected its demand for a Rs 983-crore lifeline to help carry out operations and pay to the employees their March salaries.

“While we will continue to support the bank’s bid find a buyer or the airline, it pains us to communicate that no clarity or commitment on salaries has been provided by any of our stakeholders so far,” Dube said in a communication to employees. Significantly, on Friday the employees had planned to take out a peace walk towards the venue of Prime Minister Narendra Modi’s election rally in the BKC are here, but was cancelled at the last minute.

“With no salary payment, some of our colleague have no choice but to find employment elsewhere. When we highlight the disappointing irony of this situation to the lenders, we are simply told that this problem is to be addressed by the shareholders, who should and could have agreed on a resolution plan a long time ago,” Dube lamented in the letter.

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