Jet Airways spent ₹781.19 crore as remuneration for its employees during the October-December 2018 quarter. Ltd, had on 10 June filed separate insolvency pleas against Jet Airways at the National Company Law Tribunal, Mumbai, for recovery of their dues. The National Aviators Guild’s plans to approach National Company Law Tribunal could further impact lenders’ recoveries from Jet Airways. Shares of Jet Airways on Tuesday slumped as much as 14.8% to an all-time low of ₹106.3, Reuters reported. On Tuesday, Jet Airways’ shares fell 10.6% to ₹111.95 on BSE, underperforming the benchmark Sensex’s 0.42% gain.

Source: Mint June 11, 2019 17:48 UTC