Jet Airways' pilots urge PM Modi to save 20,000 jobs

India's Jet extends international cancellations as airline teeters

It however deferred the strike in view of a critical meeting between the airline management and the SBI.

As many as 1,000 pilots of the union, National Aviator's Guild (NAG), will meet on Monday morning to decide on whether the pilots will fly or not, due to non-payment of salaries.

Once India's second-biggest airline by market share, the Mumbai-based firm has defaulted on loans and struggled to pay aircraft lessors and staff.

The airline's pilots, engineers and cabin crew assembled at the airline's headquarters earlier in the day in their show of solidarity towards saving Jet.

Around the same time, the company announced it was low on working capital.

Last month, Goyal and his wife Anita Goyal stepped down from the board of the airline, which has more than Rs 8,000 crore debt.

The Monday meeting with lenders is reportedly expected to take a final decision on the quantum of funds to be infused immediately to avert a possible shut down.

According to sources, the meeting was called after Civil Aviation Minister Suresh Prabhu asked secretary of the department Pradeep Singh Kharola to review issues concerning Jet Airways.

The management of Jet Airways will be requesting the lenders today to provide a large sum of funds in one portion, at least Rs 1,000 crore, to get the airline's operations back on track but the situation does not look very optimistic, sources close to the development told CNBC-TV18.

The NAG had in late March called for no flying from April 1 over non-payment of salaries.

The airline suspended the route between Amsterdam and Toronto on April 11th "until further notice", a Jet Airways spokesperson said to NL Times by email.

Jet Airways at present is operating only 6-7 planes as its nearly entire fleet is grounded owing to severe paucity of cash.

The airline on Sunday said it has extended the cancellation of its west-bound flights - to and from Amsterdam, London and Paris - until April 16. The Prime Minister's Office (PMO) had convened an urgent meeting on Friday to discuss the crisis after the airline could operate only 11 aircraft, leaving passengers stranded at various domestic and global airports.

A deadline passed last Friday for prospective bidders to express an interest in acquiring a 75 per cent stake in the carrier.



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