The Economic Times daily newspaper is available online now.

    Jet Airways delays salary payment again

    Synopsis

    The carrier said it is committed to overcome the exogenous circumstances plaguing the aviation sector due to the continuing rise of Brent fuel prices as well as the depreciating rupee.

    ET Bureau
    NEW DELHI: Jet Airways delayed the payment of salaries due on Thursday to its senior employees, a problem that has been recurring for the last two months. In September, Jet announced that the airline will pay its employees salary in two equal instalments — 50% on 11th and the remainder on 27th of every month till November.

    In a statement the carrier said it is committed to overcome the exogenous circumstances plaguing the aviation sector due to the continuing rise of Brent fuel prices as well as the depreciating rupee.

    “While the company has been diligent in running its payroll as per schedule for all employees, it is only in the last couple of months that the schedule has been impacted due to unavoidable reasons.

    Despite these challenges, the company has ensured that 85% of its employees are paid salaries on time while those of the leadership, pilots and engineers have been delayed,” the company said.

    “However, Jet Airways remains committed to honour its obligations. Jet Airways with its 25 years of aviation experience has overcome many hurdles in the past and it is positive that with the continued support of its dedicated employees, it will be able to successfully guide itself out of these challenging times,” the airline added.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in