JET airways facing financial problems

Thursday, September 6, 2018

JET airways facing financial problems

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Jet Airways, a private airline that faces financial problems, has delayed payment of wages and salaries of engineers for the second month in a row. And because of this, the pilot has warned the company's management of the lack of cooperation on the subject of salary payments.

The company is going through a loss in the last two quarters. The national airline of the United Arab Emirates, Etihad, has a 24% stake in the company.

Jet Airways has lost Rs. 1,036 million rupees in the first quarter of this fiscal year, which has increased to 1300 million rupees in the June quarter.

The Jet pilot wrote a letter to the company management earlier this week and said it is a serious matter to stop wages without notice and if any response comes up, management will be fully responsible for it.

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