In The Middle Of Nowhere: Jet Airways’ Employees Suffer Amid Crisis - EcoFinBiz Blog

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In The Middle Of Nowhere: Jet Airways’ Employees Suffer Amid Crisis

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Jet Airways (India) Ltd. is in zombie land. Once India's largest airline, it's currently flying 6-7 planes, hasn't paid salaries since January and its pilots are threatening not to fly from today. All this while lenders to the airline have attempted to find buyers. A process to seek expressions of interest concluded last week after a deadline extension. But with planes repossessed by lessors, and no money for fuel and to pay salaries, buyers face the same uncertainty as employees. Is the airline beyond rescue?

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