Jet pilots request PM to save 20,000 jobs, ask SBI for funds


Daijiworld Media Network - Mumbai

Mumbai, Apr 15: Jet Airways' pilots appealed to the State Bank of India to release funds of Rs 1,500 crore to the airline, trade union National Aviator's Guild said here on Monday.

The trade union also asked Prime Minister Narendra Modi to help in saving 20,000 jobs at stake. The SBI-led group of lenders had last month taken control of the airline and agreed to provide an immediate funding support of Rs 1,500 crore according to news agency Press Trust of India.

Only 6-7 planes of the airline are operating, while its entire fleet is being grounded due to non-payment of rentals to lessors amid severe lack of cash.

"We would like to appeal to SBI to release Rs 1,500 crore funds for the airline to help it continue operations. We also appeal to Prime Minister Narendra Modi to save 20,000 odd jobs at the airline," National Aviator's Guild ( NAG) vice president Adim Valiani told reporters at the airline's headquarter, Siroya Centre, here on Monday.

The airline's pilots along with engineers and senior staff were last paid for December 2018. This apart, the airline has also defaulted on the March salary of other categories of employees as well, says the report.

An SBI-led consortium of lenders had taken management control of the airline post a debt-recast deal last month, following which the lenders had proposed to instill as much as Rs 1,500 crore to the carrier to keep it afloat till the time it gets an investor.

The Jet Airways' management is meeting its group of lenders, led by the State Bank of India on Monday. In the meeting, it is expected to take a final decision on the quantum of funds to be infused immediately to avoid a shut down.

  

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Comment on this article

  • SmR, Karkala

    Mon, Apr 15 2019

    Modi's Regional Airline Push Fails To Take-Off For Indian Carriers.

    The continued poor performance by the newly launched regional airlines come amidst reports about serious financial troubles being faced by leading Indian private carrier Jet Airways, which has asked up to 12 mid-level executives (non-technical staff) to leave but has shelved a proposal on a possible salary cut for the time being.

    IndiGo, which is currently the market leader with about 42% market share in terms of the total domestic passenger traffic, reported a loss in the July-September 2018 quarter, a first for the carrier ever since its shares were listed on the Indian bourses.

    Other private airlines such as SpiceJet and Go Air are also said to be facing tough financial situations, mainly owing to rising aviation fuel costs and sliding rupee exchange value.

    Earlier PM Modi wanted to sell off national carrier 'Air India'. Now Jet Airways in the verge of shut down.
    Modiji dream of making 'Pakodwalla' of Pilots, Engineers and ground staff of airline sectors seems realized.
    Minister Suresh Prabhu, who took over as 'Chowkidar' on duty will break his silence?
    Why the PM Modiji government is burdening the Airline industry with excessive taxes on 'Aviation Fuel', when the prices in the International market is below UPA II?
    Jai Hind

    DisAgree Agree Reply Report Abuse

  • Af,,, Mangalore

    Mon, Apr 15 2019

    Modi is only responsible for this tragedy , now let him face it, he can give all them new jobs in Reliance.

    DisAgree Agree [3] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Apr 15 2019

    I only wonder..., does these Jet pilots think that Hindustan's present PM is DALAL ..., kuch bhi....!!!!! shame on them....!!!!

    DisAgree Agree [5] Reply Report Abuse

  • Nice, Mangalore

    Mon, Apr 15 2019

    Add another 20000 jobs to the existing Job crisis guess this crisis is worse than I thought.

    DisAgree Agree [6] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Mon, Apr 15 2019

    He may suggest Anil Ambani to venture into Aviation business with full back up and financial support.
    Safe guarding 20,000 jobs as well as business expansion for Ambani.

    DisAgree Agree [3] Reply Report Abuse

  • El En Tea, Mumbai

    Mon, Apr 15 2019

    It's an open challenge to Modi
    Being an boasting Chowkidar let us watch and see whether he will secure the 20000 jobs.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Allan Dcosta, Kinnigoli / Abu Dhabi

    Mon, Apr 15 2019

    You are approaching the wrong person.... he will offer you to open pakoda stalls and drive rickshaws instead of planes.....

    DisAgree [2] Agree [11] Reply Report Abuse

  • Hindustani, Mangalore

    Mon, Apr 15 2019

    Sorry but he is busy with election rallies. Also he is not interested in it. Next term if he becomes the PM, he will start Jio Air and Adani has already got the airports as you know.

    DisAgree [3] Agree [10] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Apr 15 2019

    Why is Modi not telling them to sell Pakoda's ...

    DisAgree [4] Agree [13] Reply Report Abuse


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