India's cash-strapped Jet Airways to pay December salaries

Österreich Nachrichten Nachrichten

India's cash-strapped Jet Airways to pay December salaries
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

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.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Reuters /  🏆 2. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Rescue deal is no panacea for India's struggling Jet AirwaysJet Airways' investors are cheering this week's government-led rescue ...
Weiterlesen »

Jet Airways chairman steps down as banks move in with rescue planJet Airways chairman steps down as banks move in with rescue planJet Airways Chairman Naresh Goyal will step down from the board of the Indian ca...
Weiterlesen »

India's Jet Airways shares rise after government official rules out grounding more planesIndia's Jet Airways shares rise after government official rules out grounding more planesJet Airways Ltd's shares rose about 6 percent on Wednesday to a near 10-wee...
Weiterlesen »

BLADE Brings 'Air Taxi' To The Masses With $195 Helicopter To JFKBLADE Brings 'Air Taxi' To The Masses With $195 Helicopter To JFKIn a bid to reduce highway congestion, BLADE announced a new program flying New Yorkers to JFK for $195.
Weiterlesen »

Five decades ago, Boeing's new 727 jet also had a terrible startFive decades ago, Boeing's new 727 jet also had a terrible startThe 737 MAX is not the first plane that has sent Boeing into crisis mode: Five decades ago, three of its 727 jets crashed in less than three months while coming into land, killing a total of 131 people
Weiterlesen »

Black box data shows anti-stalling feature was engaged in Ethiopia crashBlack box data shows anti-stalling feature was engaged in Ethiopia crash of Boeing jet
Weiterlesen »

Amid Russia tensions, producing F-35 fighter jets without Turkey possible: U.S. sourcesAmid Russia tensions, producing F-35 fighter jets without Turkey possible: U.S. sourcesExcluding NATO-member Turkey from the trillion-dollar F-35 fighter jet program w...
Weiterlesen »

Why the EU wants to stop moving the clocks forwards and backWhy the EU wants to stop moving the clocks forwards and backMany scientists think that changing the clocks messes with humans’ circadian rhythms
Weiterlesen »



Render Time: 2025-04-03 16:11:24