Jet pilots to stop flying Monday, lenders seek survival plan from airline

Jet Airways is saddled with more than $1.2 billion of debt and it has had to ground more than 80 per cent of its fleet over unpaid dues to leasing companies.

More than a thousand Jet Airways pilots will strike work from 10 am Monday to protest unpaid salaries and uncertainty about their jobs, news agency PTI reported.

The carrier, saddled with more than $1.2 billion of debt, has had to ground more than 80 per cent of its fleet over unpaid dues to leasing companies, pushing it to the brink of shutdown and jeopardising hopes of attracting a new investor.

"As on today, we have not been paid for nearly three-and-a-half months and we don't know when we will be paid. So we have decided to go ahead with