Jet Airways CEO Vinay Dube Pens Emotional Letter to EmployeesTop Stories

April 26, 2019 18:33
Jet Airways CEO Vinay Dube Pens Emotional Letter to Employees

(Image source from: Livemint)

After Jet Airways shut down its services due to lacks of funds to pay the debts, the chief executive officer of the airways Vinay Dube on Friday announced that there is ‘no clarity or commitment on salaries by any of our stakeholders’ as the stakeholders not investing the airline company.

The latest written emotional letter by company’s CEO came amid the chaos and uncertainty over the future of almost 16,000 employees increasing with each passing time after Jet Airways announced its bankruptcy.

"Your leadership team has spent the last few days trying to convince the consortium of Indian banks (led by State Bank of India) to release some funds for our employees while continuing to support the bank led bid process for Jet Airways," he wrote to the carrier's employees.

"We face this reality despite our best efforts to portray the very real suffering that is being endured by each one of you."

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

Its group of lenders, led by State Bank Of India, has said that it is hopeful of a successful bidding process for Jet.

The government has said it plans to form a committee to temporarily allocate takeoff and landing slots left vacant by the grounding of Jet Airways flights.

By Sowmya Sangam

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jet airways  jet airways crisis