Jet Airways pilots want salary, but also this
The letters from guild president Karan Chopra Tuesday comes two after they deferred their strike call to April 15, which was earlier to begin on april 1.
The National Aviators Guild (NAG), the domestic pilots union of the crippled Jet Airways, Tuesday demanded interest on their delayed salaries along with timely payment, saying the prevailing situation is not "ideal" for them to be in the cockpits.
In two separate communications to director-general of civil aviation BS Bhullar and Jet Airways chief executive Vinay Dube, the guild also said they are facing problems in paying their EMIs and other financial commitments.
The pilots along with engineers and have salary arrears for three months, starting January.
The letters from guild president Karan Chopra Tuesday comes two after they deferred their strike call to April 15, which was earlier to begin on april 1.
"Non-payment of salaries is leading to extreme tension and frustration among us, which is hardly an ideal situation for pilots in the cockpits. EMIs, school and college fees to be paid along with medical bills of our ageing parents," Chopra said.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had announced earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
Jet, which is now under the ownership of the SBI-led consortium of lenders, has been delaying salaries to its pilots along with engineers and senior staff since last August. On December 6, 2018, the management had revised its earlier payment schedule, according to which it was to clear all dues by March 31.
Watch this Zee Business video:
"All please to the management in this regard have fallen on the deaf ears. The management must pay arrears along with allowance from the due date and pay interest as well as per market rates," Chopra said in the letter.
On March 21, the guild had sought government intervention in Jet, after which SBI had stated that the banks would infuse Rs 1,500 crore to sustain its operations for the next two months.
On March 25, the airline board approved a resolution plan formulated by SBI-led lenders, Uder WHICH lenders took control of the airline with 50 percent holding.
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
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
10:26 PM IST