Recent Tweets on Jet Airways:
President (NAG) National Aviators Guild, a registered pilots union of Jet airways threatens the management that if due salaries will not be disbursed and concrete decisions are not taken soon, union pilots of Jet airways will stop flying from 1st of April
DGCA Sources: DGCA held a meeting with domestic airlines over spike in air fares, haven’t issued a diktat but advisory, advised airlines to increase capacity & keep fares in check.Several domestic factors led to spike in fares but airlines have promised to keep them under control
The situation of Jet Airways is getting worse.
The debt-ridden airline that has been cancelling flights abruptly following grounding of a large part of its fleet.
On one hand, the engineers in the morning had said that there was a risk in flying, while on the other hand, the pilots have threatened not to undertake flights from April 1 if they did not get their due salaries. At the same time, the aviation regulator DGCA has said that only 41 aircraft of the company are flying right now.
Suresh Prabhu convenes emergency meeting
Civil Aviation Minister Suresh Prabhu has convened an emergency meeting to resolve the Jet Airways crisis. He said in his directive to the secretary of his ministry, “With the cancellation of Jet Airways flights, there will be an emergency meeting on the issue of advance booking, cancellation, refund and security issues.” He also summoned his secretary for all the information related to Jet Airways.
Risks on safety by not getting salary
Jet Airways engineers wrote a letter to the DGCA mentioning that they are not getting salaries, which is causing mental stress. This situation is risk for flight safety. The company’s Aircraft Maintenance Engineers Association has asked DGCA to intervene to get the remaining salary of three months. The company now has 560 engineers, who look after the maintenance of more than 100 planes.
Central Government tries to save
Seeing the impact of the Jet Airways crisis on air travelers, the government had to intervene to save it. The government has expressed the intention to start the process of saving the bankruptcies from the lending banks to the airline and stop the bankruptcy process.
A top official associated with the case said that the finance ministry is closely monitoring this situation. Last week, the banks had sought the government’s suggestion by presenting a review report on the financial condition of nearly crippled Jet Airways. In response, the government has said that banks can take a share of Jet Airways by changing the amount of debt to equity.