Jet Airways pilots on Friday said that they will stop flying from April 1 as they are disappointed over non-clearance of pending dues.
As stated in NDTV, Union of Jet Airways said in a statement that a part of the expected interim funding from State Bank of India (SBI) which was going to be sanctioned on March 29. The fund transfer has not taken place, hence there has been no update on salary payment from the management authorities. The collective decision of pilots is taken at Mumbai and Delhi. If there is no proper clarity on resolution process for salary payment by March 31, then Jet Airways pilots will stop flying from April 1.
A commune of lenders led by SBI had agreed last week to infuse ₹1,500 crore into the besieged airline as an interim arrangement till they find a suitable investor for Jet Airways by the end of June quarter.
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The airline is reportedly operating 150 flights a day from 450 at full capacity with a third of its 120-plane fleet grounded.
Also read- Naresh Goyal And Wife Anita Goyal Step Down From Jet Airways Board
Jet Airways has grounded many planes and also defaulted on repayment of debt, including External Commercial Borrowings (ECBs).
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