PMO steps in as Jet cancels global flights

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The pilots along with engineers and senior management have not received their salaries for three months, whereas employees of other categories have not been paid for the month of March.

Jet Airways at present is operating only 6-7 planes as its nearly entire fleet is grounded owing to severe paucity of cash. "We also appeal Prime Minister Narendra Modi to save 20,000 odd jobs at the airline", National Aviator's Guild (NAG) vice-president Adim Valiani told reporters at the airline's headquarter, Siroya Centre, here on Monday.

After the meeting, Kharola said the carrier had money to operate 6-7 planes over the weekend and after that the lenders would have to decide how many jets it could fly after Monday afternoon, a news channel reported late on Friday.

Struggling for survival because of a severe cash crunch, Jet Airways has suspended its operations in the SAARC and Asean regions indefinitely, besides extending suspension of its services to Toronto and Paris from Chennai and back. India's ailing Jet Airways has drastically reduced operations amid talks with investors to purchase a controlling stake in the airline and help it reduce its mounting debt.

Jet Airways was pinched further previous year when the government imposed a 5% import tax on jet fuel even as petroleum prices worldwide rose. Pilots and engineers began to jump ship, taking jobs at rival Indian airlines. Jet Airways independent director Rajshree Pathy quit on Saturday, the airline said in an exchange filing.

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After participating in the meeting at the PMO, Kharola held a meeting through video conference with the management of Jet Airways.

The development came after the Indian government said it would investigate Jet's ability to continue flying as lenders seek a buyer to keep the airline running.

Speculation is rife that Jet's ex-Chairman Naresh Goyal and six other parties have expressed their interests in the stake sale process.

A meeting between the airline management and its major lender SBI last Friday could not take a decision on the fund infusion issue. The airline, which is close to being shut down if its lenders don't transfer funds, had also deferred paying March salaries to all its employees.

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