Jet Airways financial turbulence: Airline warns staff that without salary cut, it won’t last more than 60 days
New Delhi, Aug 3; GANASHAKTI; Facing financial crisis, Jet Airways Ltd has informed its staff that it won’t be able to operate beyond 60 days unless cost cuts are put in place. The aircraft has reportedly sought investment bankers’ help to sell a stake in the carrier again.
According to reports, chairman Naresh Goyal informed employees that the carrier’s financials are not in a good shape and drastic measures are required such as salary cuts.