Jet Airways crisis: Crucial meeting on fate of cash-strapped airline on Monday. Here's how events unfolded

Will probably be an important day for the cash-strapped Jet Airways on Monday when a gathering of the SBI-led lenders' consortium with the airline's administration would happen. At the very least 1,100 pilots belonging to crisis-hit Jet Airways' pilots physique Nationwide Aviator's Guild (NAG) had determined to not fly from 10 am on Monday in protest towards "non-payment of wage dues. Nonetheless, the choice was later deferred to be taken after the assembly. The pilots together with engineers and senior administration haven’t acquired salaries since January. The debt-ridden service has additionally not paid March wage to workers of different classes as properly. Jet Airways is at current below the administration management of SBI-led consortium of lenders after the approval of a debt-rejig plan final month, which additionally led its founder chairman Naresh Goyal to give up.

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