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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 lette...