On Wednesday, April 17, debt-laden Jet Airways announced that it is temporarily shutting down because it is unable to secure emergency funding from any source, including the lenders. “We are hoping for the best. Jet Airways NSE -1.85 % telling its employees to take salaries cuts has sent shock waves in the sector. He is the same person who coined the slogan "Abki baar Modi Sarkar". No amount has been credited. However, on March 31, it deferred the agitation to April 15, saying it wanted to give more time to the new management.“A pilot becomes a captain after 7 years and once he settles down, he blocks money in purchasing a house or invests in family or kids education. The government has not done much to save the jobs of these 16,000 employees.
The employees received a mail Tuesday morning from Jet Airways Chief Executive Officer Vinay Dube stating the future course of action for the airlines will be decided in by the board.The previous day, the CEO had informed employees again by mail that the promised Rs 1,500 crore interim funding by lenders to keep the flights operational had not yet been received. SpiceJet is giving 'first preference' to Jet Airways employees in recruitment,said Singh. While other domestic as well as international airlines have hired some Jet Airways employees, it is still a small chunk of those who were employed the debt-ridden company. “We don’t know what to do; services of the company need to be restored. More than 16,000 employees of Jet Airways are not paid salaries for the last 6 months and more.
The 16,500-plus employees of Jet Airways were on a wing and a prayer Tuesday evening as a three-hour meeting of Jet Airways’ board of directors to secure emergency funding from lenders remained inconclusive. Civil Aviation Minister Hardeep Singh Puri responded to an allegation by AAP MP Sanjay SIngh, saying that only an online portal had been launched to connect the employees and different airlines. Also read: 'Absorbed close to 1,000 Jet Airways employees, … According to reports, Jet Airways pilots have been asked to take salary cuts of 25-30 per cent, while engineers have been settling at 50 per cent of their current pay.According to media reports, around 100 Jet pilots have applied for jobs in overseas companies like Qatar Airways, Emirates, Ethiopian Airlines, Singapore Airlines, others.In last two to three months, right before Jet went bust, about 250 pilots of the airline resigned, and brought down the pilot strength to 1,350 from 1,600, reported Business Standard.
Its parent Air India has been discussing an internal proposal to lease five of the 10 Boeing 777s of Jet to expand its international footprint. All employees of Jet Airways are individually submitting a complaint to PMO are hopeful that a favourable decision will be taken soon,” said Captain Ankit Tyagi, General Secretary of Society for Welfare of Indian Pilots.Last six months have been troublesome for Captain Rajesh Handa and his family. The 16,500-plus employees of Jet Airways were on a wing and a prayer Tuesday evening as a three-hour meeting of Jet Airways’ board of directors to secure emergency funding from lenders remained inconclusive.From running a Save Jet Airways campaign on social media and knocking at the Prime Minister’s Office to just checking in every day despite delayed salaries, to playing cricket when it is not too hot, most employees reported to work as usual across states, hoping that “one of India’s finest airlines” will stabilise soon.“What is encouraging is we get regular updates from management,” said a manager in the finance department in the company’s Mumbai office. The employees received a mail Tuesday morning from Jet Airways Chief Executive Officer Vinay Dube stating the future course of action for the airlines will be decided in by the board.
“Tension gripped the office in Mumbai with pilots and flight cabin crewing walking in to know more about the situation,” said an employee who did not wish to be identified.“The airline has not let off any employee so far,” the woman manager said. Most airlines are battling challenges on the profitability front but the salary cuts at … So far, we are managing from our savings, but this will soon exhaust. The entire future is planned and now everything has been put on stake,” added Tyagi who has spent 18 years with the airline company.Nidhi Chapekar, the flight cabin attendant, who was injured while on duty during the terror attack in Brussels airport in 2016, said, “The airline has supported many employees and many plan to stick on and wait for their salary for a few months if needed.”Elsewhere in Ahmedabad, near the cargo bay at the Sardar Vallabhbhai Patel International airport, black and yellow uniformed employees of Jet Airways are playing cricket. Never Assured Parliament about Providing Jobs to Jet Airways Employees, Says Hardeep Singh Puri. The shutting down of Jet Airways has left over 16,000 people, including 1,350 pilots, jobless, thereby putting them in a huge financial crunch. “Sensing trouble, people started quitting a couple of months back,” he noted.Employees in Delhi plan to gather at Jantar Mantar on April 18. Let's take a look at the number of Jet employees absorbed by other players in the aviation sector so far.Budget airline SpiceJet Ltd said that it has already absorbed over 500 Jet Airways employees, including 100 pilots, and is open to induct more.
“The workload has reduced in all departments since December,” said a female employee in Mumbai. Premium carrier Vistara is hiring around 500--100 pilots and 400 cabin crew--mostly from the grounded Jet Airways. The Jet employees are now facing stress over employments, while some are also hopeful of a turnaround of the carrier. However, the pilot union of Air India-Indian Pilots' Guild (IPG) has urged the management to hire just Boeing 777 (B-777) rated co-pilots on contractual basis instead of hiring costly captains, as it will be a brutal waste of money. Pilots also have to take three take-offs and three landings in the preceding 90 days.“Ours is a skilled job and it needs to be current all times. Jet Airways, which suspended operations in April 2019, reported its financial results for FY19 over a year later.
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