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Jet Airways tells union it will clear salary backlog by April: source

Reuters  |  NEW DELHI 

By Aditi ShahNEW DELHI (Reuters) - India's indebted Jet Airways Ltd told its pilot union on Thursday it will clear all salary dues by April and has given them a schedule outlining when the payments will be made, according to a source familiar of the matter. Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet's bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 percent.The airline has told the union it will pay a quarter of ...

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First Published: Thu, December 06 2018. 21:17 IST
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