New Delhi:Jet Airways employees held a protest at Jantar Mantar here demanding the company to release a part of their salaries till completion of the insolvency resolution process.
The National Company Law Tribunal (NCLT) is slated to hear the ongoing insolvency case of the airline on August 10. Jet Airways has been passing through tough times because of competition from low-cost airlines, fluctuating crude prices and a weak rupee. The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries of pilots and other staff members.