Latest Business NewsCan't Fund Mediclaim Policy, Grounded Jet Tells Employees: 10 Points
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Can't Fund Mediclaim Policy, Grounded Jet Tells Employees: 10 Points
Jet Airways employees' mediclaim policy to lapse on midnight of May 1
"We are left with little choice," says chief people officer Rahul Taneja
Grounded airline owes money to lessors, suppliers, pilots, oil companies
Jet Airways owes money to lessors, suppliers, pilots and oil companies
"These circumstances are not of our doing and much as we would wish to do things differently, we are left with little choice," said Mr Taneja in the communication to employees.
A section of Jet Airways staff wrote to State Bank of India (SBI) on Monday evening, seeking approval to participate in the bidding process in an employee-led turnaround plan.
The employee representatives said they will secure an investment of up to Rs 3,...