Jet Airways staff gets NCLT sympathy, but no money - News Summed Up

Jet Airways staff gets NCLT sympathy, but no money


Despite NCLT's sympathetic view for the staff of the grounded Jet Airways, there is bad news for them. The bankers, who attended the meeting, said, "We have sympathetic view towards the Jet Airways staff but express our inability to fund at this point of time". The resolution professional (RP) had sought interim capital to pay one month's salary to Jet Airways staff. The timeline to bid for the expression of interest (EoI) of Jet Airways ends on August 3. Jet Airways promoter Naresh Goyal has been restrained from going abroad as agencies, SFIO and ED, are investigating the airline.


Source: dna August 02, 2019 00:55 UTC



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