Skip to main content

Jet Airways Will Release The Salary Soon After Raising Rs 3000 Crore




Seeing that different options to revive the grounded Jet Airways as the fast running out, a group of airline employees has now written to the State Bank of India seeking the permission to allow the employees and external investors a bid for the company management control.
The employee representatives have also revealed that they will secure an investment of around Rs 3000 crore from a clutch of external investors.
The associations which have also sent the proposal are the Society for Welfare of Indian Pilots and Jet Aircraft Maintenance Engineers Welfare Association.
The associations this time have promised that employees would be going to contribute towards the revival of the airline from their increased productivity and future earnings.
“With respect to our initial communication, the contribution of employee group over a hypothetical 5-year Employee Stock Ownership Programme (ESOP) is likely to be upward of Rs 4,000 crore,” a joint letter to the SBI Chairman stated.
They also revealed that the decision had been taken with the extensive discussion with the various employee groups across the entire company and also with the colleagues who have successfully held senior management positions.
“We also recognize with some of the different legacy issues of high operating costs, over staffing, unfavorable vendor/lease agreements and adverse debt/equity ratio are involved,” the proposal letter said.
The associations have also urged the lenders to ensure the process of the entire de-registrations of aircraft and re-allocation of airports slots to be immediately reversed.
“… if not reversed quickly, (it) would spell doom for any future prospects of reviving the company,” the associations warned.
The lenders of the Jet Airways led by the SBI are as of now currently in the process of selling the airline to recover their whole dues of around Rs 8400 crore. Some of the private equity firms like the Indigo partners, TPG Capital, Etihad Airways and National Investment and Infrastructure are in the race to buy a high stake in the grounded airline.
Labels:
Location: India

Comments

Post a Comment

Popular posts from this blog

Priyanka Chopra and Virat Kohli in Instagram Rich List 2019

Instagram Rich List 2019 : Instagram is now seen as a full-time career by individuals. A lot of celebrities take home hefty cheques from influencer marketing and paid posts. Hopperhq.com started producing the Instagram rich list in 2017 on the basis of influencer rate cards, internal Hopper HQ data, and public information. Every year since 2017, Hopper publishes the Instagram Rich List. This year’s list is a bit special as 2 Indians have been able to secure their spots in the list. Captain of the Indian Cricket Team Virat Kohli and actress, writer, and overachiever Priyanka Chopra have made it to the Instagram Rich List 2019. The list is published by Hopperhp.com and the basis of ranking is simple; most amount of money charged by celebrities, sports personalities, and other public figures for promoting a brand’s product on Instagram. Priyanka Chopra Jonas grabbed the 19th spot charging $271,000 per post. Virat Kohli stood at 23rd position as he earned $196,000 from each promot...
Post a Comment
Read more

When Sourav Ganguly saved Navjot singh siddhu from a bullet in england

Sourav Ganguly ने बचाई थी नवजोत सिंह सिद्धू की जान, वरना उन्हें लग सकती थी गोली Sourav Ganguly  टीम इंडिया के एक बेहतरीन खिलाड़ी है। इन्होंने वर्ष तक टीम इंडिया की कप्तानी भी की है। जिसमें इन्होनें कई महत्वपूर्ण  मैच टीम इंडिया  को जिताए है। आज भी  Sourav Ganguly   और सचिन तेंडुलकर की साझेदारी का रिकॉर्ड कोई नहीं तोड़ पाया है। परन्तु हम आपको इनकी लाइफ में घटी एक भयानक घटना के बारें में बताएंगे। इस भयानक घटने में Sourav Ganguly के साथ नवजोत सिंह सिद्धू भी शामिल थे। आज भी जब Sourav Ganguly इस घटना को याद करते है तो वह बहुत डर जाते है। यह एक ऐसी घटना थी जिसमें Sourav Ganguly और नवजोत सिंह सिद्धू की जान तक जा सकती थी। Sourav Ganguly के साथ यह घटना वर्ष 1996 में इंग्लैंड के खिलाफ चल रही टेस्ट सीरीज के दौरान घटी थी। क्या आप जानते है की Sourav Ganguly ने अपने टेस्ट करियर की शुरुआत भी इस ही टेस्ट मैच सीरीज से की थी। Sourav Gangulyने इस टेस्ट सीरीज में शानदार बल्लेबाजी की। तथा टीम इंडिया इस टेस्ट सीरीज को जीत पाने में सफल रही। Sourav Ganguly ने अपने पहली ही टेस्ट मैच...
Post a Comment
Read more

Are Cartoon Shows Good for Your child health?

Cartoons are an unavoidable part of every  child’s life . Since the appearance of cartoon films in the 1970s, Generations of children had been watching animated films and grown up. Traditional animated tales like Cinderella, Peter Pan, Aladdin, and the Magic Lamp, Beauty and the Beast, etc. Frankly speaking not only children even the adults are fond of it. Looking at these cartoons children start developing the characters which they see. Girls imagine about being princesses and boys have predicted themselves to be prince or kings. However, cartoons can have both positive and negative effects on mental development and behavior on child health. Negative Effect on child health Cartoons on television or now a day even in mobiles have a mesmerizing effect, especially on kid’ health. It drives them away from their studies, games and from any other important learning activities. So, the habit of children to watch it must be controlled. The concentration in studies decreases. ...
Post a Comment
Read more