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Jet Airways’ pilots body urges PM, SBI to save airline
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Jet Airways’ pilots body urges PM, SBI to save airline

Agency News

Mumbai, Apr 15: Cash-strapped airline Jet Airways pilots’ body National Aviator’s Guild (NAG) on Monday urged Prime Minister Narendra Modi to save 20,000 jobs, which are on stake with the airline’s possible shut down.

The pilots’ body also appealed to the State Bank of India, who is leading the consortium of lenders to the airline, to infuse the capital of Rs 1500 crore in the carrier, which they have decided but could not release it till date. “We would like to appeal SBI to release Rs 1,500 crore funds for the airline to help it continue operations.

We also appeal Prime Minister Narendra Modi to save 20,000 odd jobs at the airline,” NAG vice-president Adim Valiani told reporters in Mumbai. The airline is currently operating around five planes due to non-payment of rentals. It has also suspended its international operations till April 15.

On March 25, the SBI-led consortium in the Jet Airways’ board meeting had decided to infuse an interim funding of Rs 1500 crore to keep the airline operational. However, the decision could not be materialized so far. Salaries to its pilots, engineers and staff have not been paid for past three months. The Jet Airways has been facing a mounting debt of more than Rs 8,000 crore and is forced to ground its planes due to no-payment of rentals to lessors. (UNI)