Moneycontrol PRO
HomeNewsBusinessUncertainty around revival plans pushes Jet Airways employees to explore alternative avenues

Uncertainty around revival plans pushes Jet Airways employees to explore alternative avenues

The Jalan-Kalrock consortium, the new owner, has said that while it awaits the handover of Jet Airways under the revival process, the longer-than-expected time taken for its completion may result in some difficult decisions having to be made.

December 06, 2022 / 16:50 IST
Jet Airways crew photographed after operating proving flights. (Image credit: jetairways/Twitter)
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    After Jet Airways’s revival plans hit another roadblock in November, its employees are once again left questioning their future.

    Last month, Jet Airways temporarily docked the salaries of some of its staff by up to 50 percent and sent some more on leave without pay.

    Jet Airways chief executive officer Sanjiv Kapoor had in November in an interview with Moneycontrol said that he was confident Jet Airways will have a solid team of industry professionals when it is ready to relaunch operations.

    Passionate and proud 

    "The team we have brought on board is passionate about relaunching Jet Airways, and is proud of the airline they are trying to build; proud of trying to create history. We all have so much to look forward to in a revived Jet Airways," Kapoor said.

    COVID-19 Vaccine

    Frequently Asked Questions

    View more
    How does a vaccine work?

    A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

    How many types of vaccines are there?

    There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

    What does it take to develop a vaccine of this kind?

    Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

    View more
    Show

    ALSO READ: Jet Airways revival hits new snag as banks push back on funding

    Some employees said discontent in the workforce has risen.

    "The belief in the current top management of Jet Airways is one of the biggest reasons employees are not aggressively looking for alternative opportunities," an employee working with the human resource team at Jet Airways since last year told Moneycontrol.

    Standoff with creditors  

    He added that while belief in the airline's top brass was strong, some employees have started looking for alternative roles as a standoff over the revival plan between creditors and the airline's new owner, the Jalan Kalrock consortium, has left them questioning the timeline for the relaunch.

    Another employee in the sales division of the airline Moneycontrol spoke to said that given the current talent crunch in the Indian aviation industry and aggressive expansion plans of rival airlines like Air India and IndiGo, Jet's current employees are not likely to wait for more than a couple of months before scouting for alternative opportunities.

    "The salary cuts imposed from December are quite disheartening and are making it difficult for employees to continue believing in the Jet Airways revival plan," the second employee said.

    Row over past dues 

    Similarly, a female flight attendant at Jet Airways added that the unwillingness of the Jalan Kalrock consortium to pay off dues to former employees has also left some members of its current workforce disgruntled.

    "Most of us at Jet Airways 2.0 were part of the earlier Jet Airways and have worked with the former employees whose dues are still to be paid. The promoter's decision to back off from payments is an indication they may focus on cost savings rather than employee welfare going forward," she said.

    Narayan Hariharan, a former Senior Vice President at Jet Airways, told Moneycontrol that everyone associated with the airline takes pride in the fact that the airline was regarded as the best airline in India in terms of service before its collapse and has an emotional bond attached to its revival.

    He added that while employees want to see Jet Airways take to the skies again, not a lot has been done by the new owners on the ground and everything is shrouded in secrecy, which has left employees feeling uneasy.

    Hariharan added that even former employees of Jet Airways who had not been retained by the Jalan Kamrock Consortium are keen to work with the company again, but expect all their past dues to be repaid.

    As part of its revival plan, the Jalan Kamrock consortium said last year that it would retain 50 employees from the existing employee pool of Jet Airways.

    These employees will be hired on fresh terms, the consortium said.

    Jet Airways staff had grown to 200 in number by June, Kapoor said in an interview back then.

    Older staff (from before the airline was grounded) comprise more than 60 percent of the current workforce, Ankit Jalan, a board member of the Jalan-Kalrock consortium, said in a statement in November.

    Revival hits another hurdle 

    Last month, Jet Airways temporarily docked the salaries of some of its staff by up to half, and sent some on leave without pay.

    The action came in the wake of the airline’s revival plan hitting yet another hurdle after the Jalan-Kalrock consortium told the National Company Law Appellate Tribunal (NCLAT) of its inability to pay additional money to clear staff Provident Fund and gratuity dues of around Rs 250 crore.

    On October 21, the NCLAT had directed the consortium to clear employees’ unpaid PF and gratuity dues until June 2019, when the insolvency process was initiated.

    The Jalan-Kalrock consortium has said that while it awaits the handover of Jet Airways under the revival process, the longer-than-expected time taken for its completion may result in it having to take some difficult decisions.

    Yaruqhullah Khan
    first published: Dec 6, 2022 04:50 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347