Jet Airways aircrafts (Photo | Reuters) 
Business

More Jet Airways employees hit by salary default

The Naresh Goyal-controlled airline is struggling to mop up funds to meet its payment obligations, including salaries to its over 16,000-strong workforce.

From our online archive

MUMBAI: After delaying salary to its pilots and engineers along with senior management, Jet Airways has now defaulted on the payment of September salary to other categories of employees as well, an airline source said Wednesday.

The Mumbai-based full-service airline, partially owned by UAE national carrier Etihad Airways, has been facing financial problems for quite some now.

The Naresh Goyal-controlled airline is struggling to mop up funds to meet its payment obligations, including salaries to its over 16,000-strong workforce.

"We generally get our salary on the 1st of (every) month. Last month, the airline had paid to all employees except senior management, pilots and engineers on time. But this time (September), they have failed to pay even to other categories of employees such as manager and above levels," the source said.

The source said the employees in A1-A5, O1 and O2 grade, or whose salaries are up to Rs 75,000 per month, were paid on October 1, while the rest of the staffers in the M1, M2, E1 and above grades have not been paid yet.

A query sent to Jet Airways on the issue did not elicit a written response.

On September 6, the full service airline informed senior employees that their salaries would be paid in two instalments till November.

The salaries for August was to be paid in two instalments 50 per cent by September 11 and the remaining by September 26.

Though the private carrier paid the first tranche on time, it could disburse only 50 per cent amount of the second instalment on the designated date and deferred the payment of rest 50 per cent to October 9.

LIVE | Everyone who wants to lead Iran ‘ends up dead’, says Trump as Tehran close to choosing next leader

Hegseth says US 'can't stop everything' that Iran fires even as he asserts air dominance

Tamil Nadu polls: Deadlock ends as DMK allots Congress 28 seats, one Rajya Sabha berth

Qatar shuts LNG output; supplies to India hit, city gas sector flags crisis

T20 World Cup: Finn slams record-breaking hundred as NZ storm into final

SCROLL FOR NEXT