NEW DELHI — More than a thousand pilots of debt-laden Jet Airways will not fly from Monday as they have not been paid salaries for the past three months, President of the National Aviators Guild said on Sunday. Saddled with more than $1.2 billion of bank debt, the airline has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March. “Pilots haven’t been paid for the last three months,” Capt Karan Chopra told Reuters. The crisis at Jet has deepened in recent weeks as lessors have started applying to deregister planes, signalling the planned bailout had failed to assuage their concerns. An urgent meeting to discuss the Jet situation was held at the prime minister’s office on Friday, which was also attended by the country’s aviation secretary, Pradeep Singh Kharola.
Source: Huffington Post April 14, 2019 11:03 UTC