Jet Airways saga: From soaring the skies to being temporarily grounded
The airline's share was at an all-time high in April 2005 at Rs 1,379 and currently stands at Rs 164. and falling.
No assurance of benefits for employees by management: Jet Airways employee
Tina John, a ground handling supervisor of Jet Airways said that the management has given no assurance of any gratuity payment, for employees looking to move out. "They are saying the company is going through a bad phase and we have no money to settle any dues."
Sushma Shetty, a ground handling staffer said the problems at Jet Airways have started from October 2018, when sudden flight cancellations began, and it only got worse in February. Shetty said there were instances where ground handling staff were manhandled and abused by passengers, whose flights were cancelled.
UPDATE: Around 22000 other staff and workers related to the vendors of Jet Airways are also impacted. Their payments were also getting impacted. These vendors include caterers, hotels, logistics companies and so on.
Another Jet Airways senior cabin crew staffer said on condition of anonymity that it has been tough. "We don't have too many options right now. We are waiting till May 10, a date on which the potential buyer of Jet Airways will be known," the person said.
Prathamesh B, 27, was a ground handling executive with Jet Airways for five years. He said he hasn't paid is home loan EMI and is being badgered by his bank. He added that getting a new job in other airlines wasn't easy, as they were offering 50 percent lower salaries.
Customer service supervisor at Jet Airways for 7 years hopes for the company's recovery
Abhasi Amina, a 30-year-old customer service supervisor says she hasn't paid the EMI of her personal loan and has to borrow money from parents in Goa to pay house rent and groceries. Amina has been working with Jet for 7 years and was a top performer in the company. She said Jet Airways always treated well and she hopes for the company's turnaround.
Pilots of Jet Airways were not paid salaries from January onwards. Engineers and senior management were also not paid since three months. The ground handling and cabin crew did not get their March salary: Jet Airways' Officers & Staff Association
Addressing a press conference, Kiran Pawaskar, Leader of Jet Airways' Officers & Staff Association questioned why the State Bank of India (SBI) is dragging its feet after it had offered to lend Rs 1,500 crore on the condition that founder-promoter Naresh Goyal would resignation.
Large section of employees are not being absorbed by other airlines. Crowd funding remains an option to help in this situaion. Charges of corporate war are limited to the hike in fares and not blocking of funding: Jet AIrways staff and officers association
Jet Airways staff association has said that the “crisis is a corporate war” and that the “government needs to think about the repercussion of the crisis” at the carrier.
Kiran Pawaskar, Leader of Jet Airways' Officers & Staff Association has said that 16,000 employees are jobless today. The union has questioned why the airline has not paid salaries before suspending operations.