Jet Airways pilots threaten strike amid more flight cancellations

Cornelia Mascio
Aprile 15, 2019

State Bank of India, which heads a lenders' consortium now in charge of the airline, has given Jet until Monday to submit an operations plan before it considers a $145 million cash injection.

After the meeting, Kharola said the carrier had money to operate 6-7 planes over the weekend and that the lenders would have to decide how many jets it could fly after Monday afternoon, news channel ET Now reported on Friday.

Meanwhile, Rajeshri Pathy has resigned as an independent director of Jet.

While the Insolvency and Bankruptcy Code clearly bars defaulting promoters from bidding for the assets on sale, "the bidding process for Jet Airways is not being done under the IBC code", said sources.

The Monday meeting with lenders is reportedly expected to take a final decision on the quantum of funds to be infused immediately to avert a possible shut down.

The airline management and SBI have been discussing a loan of Rs 1,500-crore since last month as part of a rescue deal for the debt-ridden airline, whereas the airline owes around Rs 3,500 crore to passengers for cancelled flights.

India's beleaguered Jet Airways was staring at a fresh crisis on Sunday as hundreds of pilots and other top staff threatened to go on strike over unpaid salaries. A meeting between the airline management and its major lender SBI last Friday could not take a decision on the fund infusion issue.

All pilots are still requested, however, to be present at Siroya Centre at 9.30 am on Monday in their uniforms, it said. An Open House will be called shortly as per the availability of the venue and the committee members, the communication added. So we have chose to go ahead with our call of no-flying from April 15. In a similar instance then, the guild deferred the agitation to April 15, citing the same reason of giving more time to the new management.

Jet has "suspended" all flights to South and Southeast Asian nations as well as services from Chennai to Paris and Toronto, it said in a statement. The airline has also cancelled its long-haul, West-bound operations to and from Amsterdam, London Heathrow and Paris until Tuesday.

"Jet Airways has restricted sales on certain routes for a few days in order to re-accommodate guests who have unfortunately been inconvenienced by interim cancellations", the airline said.

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