GROUNDED AIRLINES COST STAKEHOLDERS NEARLY RS.1 TRILLION
Nantoo Banerjee
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2019-04-22 14:11
It may be a bad news in the midst of the ongoing parliamentary election season that the country’s second largest airline by traffic share, Jet Airways, having some 18,000 employees on board, should collapse and get grounded last week. Jet employees, including pilots, working without salaries since January, are now suddenly jobless. Notwithstanding the fact that the situation has caused a big embarrassment for the Modi government at this crucial election period, the administration could do little to make Jet airborne anytime soon as the airline has failed to pay even the aircraft lease dues. Both the airline and the government are under fire from ordinary passengers who advance-booked their tickets with Jet Airways for cheaper travel and now find little hope to recover the money from the airline. Their travel plans have gone for a six. They are knocking at the doors of the civil aviation and finance ministries and the industry regulator.