Faced with severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of group mediclaim policy and advised them to take medical cover of their choice. IANS first reported on April 27 that Jet employees face uncertainty over extension of their mediclaim provided by the company. He said that the group mediclaim policy lapses on the midnight of April 30, 2019, adding that "these circumstances are not of our doing and much as we would wish to do things differently, we are left with little choice". Lenders of Jet Airways led by SBI are currently in the process of selling the airline to recover their dues of over ₹8,400 crore. Private equity firm TPG Capital, Indigo Partners, National Investment and Infrastructure Fund (NIIF) and Etihad Airways are in the race to buy a stake in the grounded Jet Airways.

Source: Mint April 30, 2019 05:26 UTC