Indebted Indian carrier Jet Airways will pay December salaries to pilots and air...
FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas/File Photo
Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt. The airline blamed its problems on high oil prices and rising competition. “These are complex processes and it has taken longer than we had expected and as such we are only able to remit your remaining salary for December 2018,” Chief Executive Vinay Dube told employees in a letter seen by Reuters, adding the company was working as fast as possible to resolve its debt issues.
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