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Bankers, government should pitch in to revive Jet Airways: Employees

"We appeal to the government and bankers to be compassionate and come forward to help so that Jet Airways becomes operational again," Bala, a representative of the employees, said.

Jet Airways
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Published : May 2, 2019, 7:48 PM IST

Chennai: Employees of the Jet Airways staged a silent protest here Thursday urging the government and lenders to come forward to make the grounded airline operational again.

Clad in their uniform, employees of the cash-strapped airline gathered at Pallavaram near the airport and held placards like "Save Jet Airways, Save our future," and "We pay loads of tax, don't put us under the axe."

"We appeal to the government and bankers to be compassionate and come forward to help so that Jet Airways becomes operational again," Bala, a representative of the employees, told reporters here.

He said investors as well should come forward to lend a helping hand to the employees and "trust us and give us an opportunity we will ensure manifold growth of the airline."

Read more:GoAir waives cancellations/change fee due to cyclone Fani

Employees do not understand the "dynamics," that led to the grounding of the airline, he said adding the lives of about 22,000 employees spread across the country and their families now faced a question mark.

Emphasising that employees need to be provided immediate relief since salaries for four months were overdue, he said: "Everybody (employees) is in deep distress, there is no salary for four months ...this is the time to pay school fee for children...it will be good if some relief is provided," he added.

Chennai: Employees of the Jet Airways staged a silent protest here Thursday urging the government and lenders to come forward to make the grounded airline operational again.

Clad in their uniform, employees of the cash-strapped airline gathered at Pallavaram near the airport and held placards like "Save Jet Airways, Save our future," and "We pay loads of tax, don't put us under the axe."

"We appeal to the government and bankers to be compassionate and come forward to help so that Jet Airways becomes operational again," Bala, a representative of the employees, told reporters here.

He said investors as well should come forward to lend a helping hand to the employees and "trust us and give us an opportunity we will ensure manifold growth of the airline."

Read more:GoAir waives cancellations/change fee due to cyclone Fani

Employees do not understand the "dynamics," that led to the grounding of the airline, he said adding the lives of about 22,000 employees spread across the country and their families now faced a question mark.

Emphasising that employees need to be provided immediate relief since salaries for four months were overdue, he said: "Everybody (employees) is in deep distress, there is no salary for four months ...this is the time to pay school fee for children...it will be good if some relief is provided," he added.

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BIZ-JET-FOREX
Prepaid forex cards held by Jet Airways staffers "frozen"
         Mumbai, May 1 (PTI) Prepaid forex cards held by staff
members of the grounded Jet Airways were "frozen" Wednesday.
         The cards were given to the Jet staff operating
international flights for taking care of the expenses incurred
overseas.
         "Over 1,300 staffers, including 1,000 cabin crew and
300 pilots, have been affected. The money in the cards was
saved over multiple trips and they have lost money in this
difficult situation," one of the staffers said, requesting not
be identified.
         Some of the employees had savings of up to USD 2,000
in the forex cards, the staffer claimed to illustrate the
extent of the problem at hand.
         Private sector Axis Bank, whose cards were used by the
staff, said they have "no role to play" in the happenings.
         Jet Airways could not be contacted immediately for
comments on the issue.
         A senior official at Weizmann Forex, which is a card
distributor for Axis Bank and counts on Jet Airways as a
client, confirmed some cards have indeed been "frozen".
         "Jet owes us Rs 1.62 crore and has not paid us for one
month. In the absence of the payment, we had tosecuritise
against our receivables," the official said.
         The money frozen is only to the extent of the
outstanding from the private carrier and has been put into an
escrow account, he said.
         Jet Airways was a client of Weizmann for the last 10
years and had been irregular in its payments for the last four
-five months since the financial difficulties started for the
airline, the official said.
         "These transactions on the forex cards are carried
outby Jet Airways' forex provider as per the arrangement
between the two entities. The bank has no role to play in
these transactions," an Axis Bank spokesperson said.
         Jet Airways ceased operations on April 17 after months
of financial difficulties and multiple attempts at saving the
oldest private sector airliner failed. PTI AA IAS BEN
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