Crisis-hit Jet Airways to pay salaries in instalments to senior staff till April
PTI December 6, 2018
Jet Airways will pay salaries to its senior staff, including pilots, in instalments till April, sources said. The full service carrier, which has been grappling with financial woes, would give this month 75 per cent of the October salary, of which 25 per cent is expected to be credited on Thursday, they added.
The sources said the payment schedule was discussed with pilots during their meeting with Jet Airways CEO Vinay Dube. As per the latest schedule, salaries would become current from April 2019 and 100 per cent of March salary would be paid in April itself, they added.
According to the sources, 25 per cent of the October salary as well as 75 per cent of the November salary would be paid in January. Further, 25 per cent of the November pay along with full December salary would be given in February. Around 25 per cent of the January salary would also be paid in February, the sources said. They also said that 75 per cent of the January pay and full salary of February would be doled out in March 2019.
A Jet Airways spokesperson said the airline is committed to meeting all its salary obligations and has already paid salary to 85 per cent of its workforce on time for the November payroll. "This week, the company has remitted the final tranche of the pending September salary and 25 per cent of October salary for the remaining 15 per cent of its employees. "All employees of the company, including its pilots and engineers, continue to actively cooperate to ensure its successful turnaround," the spokesperson said.