The Middle-Eastern airline has, however, offered to finance as much as $200 million, the source said
The airline has told the union it will pay a quarter of the salary for October on Thursday and 50 per cent during December
The lenders have agreed in principle to convert part of their loans into equity under the proposed debt restructuring plan
Etihad, which owns 24% stake in Jet Airways, is also considering investing fresh funds in the airline if it can agree on the structure
We are confident that with attractive offers of up to 30 per cent this global sale will prove to be popular, said Raj Sivakumar
The airline has closed reservation for flights to Silchar, Imphal, Aizawl, Jorhat in northeastern states from mid-February
The winter schedule for airlines is from last Sunday of October till last Saturday of March
Jet Airways spokesperson said, 'The Company continues to enjoy the complete support and cooperation of all its employees, including pilots and engineers'
Jet Airways has been defaulting on salary disbursement to its senior management along with pilots and engineer since August
Once a key market for Jet Airways, the lower demand and high competition have made a good number of routes in the Gulf economically unviable
Abu Dhabi-based airline may also bring in an Indian entity to invest in the troubled carrier
Jet Airways is 24 per cent owned by Etihad Airways
Some pilots and senior executives were paid only 75 per cent of their September salary, and are yet to be paid full salary for October
Jet Airways has failed to stick to the staggered payment schedule
Late last month, the airline had laid off 20 employees
Yogvedanta Poddar was forced to deboard and handed over to the Central Industrial Security Force
Saddled with a debt of about Rs 80.52 billion ($1.14 billion) as of Sept. 30, Jet is desperately searching for a deal that could help mitigate its severe liquidity crunch
The move comes weeks after Travel Food Services discontinued the facility for Jet Airways passengers due to non-payment of dues
The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits
Etihad can increase its stake in Jet by another 25 per cent to take it up to 49 per cent - the foreign direct investment cap for foreign airlines