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"Banks Unable To Make Salary Commitments:" Jet Airways CEO Vinay Dube To Employees
Jet Airways is struggling with a debt of more than $1.2 billion Jet Airways owes money to lessors, suppliers, pilots and oil companies Jet is now hoping to be bailed out by a new investor
26 Apr 2019, 05:14 PM IST 
Jet Airways temporarily suspended all its operations earlier this month
Grounded Jet Airways' chief executive officer, Vinay Dube, told the cash-starved airline's staff that its group of lenders are unable to make any salary commitments until after the bidding process is complete. In a letter addressed to Jet Airways employees, Mr Dube wrote: "We have told them (banks) repeatedly that our employees are facing grave hardships owing to non-payment of their salaries and that if this were to continue any lon...
