With pilots warning of "non-cooperation" over delay in pay, crisis-hit Jet Airways has assured them that 50 per cent of their August salary will be paid by September 11, sources said.
The full service airline expects to complete payment of the whole salary amount by September 26 to the pilots, they added. The Naresh Goyal-promoted full service carrier, in which Gulf airline Etihad holds 24 per cent stake, is grappling with acute financial crunch after two back-to-back quarterly losses.
As much as 50 per cent of salary for the month of August would be paid by September 11 and the remaining amount by September 26, sources privy to the development told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
Tata Motors Dividend 2024: Automaker's board recommend 300% dividend - Check payment date and other details
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
11:01 PM IST