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Jet Airways grounded: After flying for 25 years, Jet Airways announced temporary grounding of operations after the lenders declined a Rs 400-crore lifeline, putting at stake 20,000 jobs and thousands of crores in passenger refunds, dues to vendors and over Rs 8,500 crore to banks. Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube said the airline does not have an "answer" at present on the fate of its 20,000-odd employees during the stake sale process. Today, Jet Airways Employees protest against the complete suspension of operations, at the Jantar Mantar in New Delhi. Let us take a look at some of the images from protest:
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"However, we must also be realistic that the sale process will take some time and will throw up several more challenges for us, many of which we don't have the answer today," Dube said in a communication to the harried employees who have not been paid since March. (Reuters Photo)
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Jet owes over three months salaries to 15 percent of the staff comprising senior management, pilots and engineers.(AP Photo)
Besides it has also defaulted on the March salary of its entire workforce. (Reuters Photo) -
Over the past several weeks and months, the airline has tried every means possible to seek funding, both interim as well as long-term funds, to keep the operations going, but could not succeed. (Reuters)
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In a mail to employees, Jet Airways CEO Vinay Dube said, “We don’t have an answer today to the very important question of what happens to us employees during the sale process.” But he asked them to “keep doing their job as best as possible”. (Reuters)
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The country's oldest private airline took off nearly 26 years ago from the airport here to Ahmedabad as an air taxi operator. (AP Photo)
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