Jet Airways delays part payment of August salaries to pilots, management personnel1 min read . Updated: 26 Sep 2018, 10:50 PM IST
The salaries for August was to be paid in two instalments 50% by 11 September and the remaining by 26 September.
New Delhi: Crisis-hit Jet Airways has told its pilots, aircraft maintenance engineers and senior management team that part of their August salaries will be paid by 9 October, according to a communication.
On 6 September, the full service airline told senior employees that salaries would be paid in two instalments till November.
The salaries for August was to be paid in two instalments — 50% by 11 September and the remaining by 26 September.
In a communication on Wednesday, Jet Airways Chief People Officer Rahul Taneja said that part of the August salaries would be paid by 9 October.
“While we have remitted the first instalment, please note that we shall be remitting 50% of the second instalment today and defer the remaining sum to a later date. The company is committed to honour its obligations and shall make every effort to release the remainder by 9 October 2018," Taneja said.
The communication is addressed to pilots, Aircraft Maintenance Engineers (AMEs) and senior management team.
“On behalf of our leadership team, I regret this change of plan and the attendant inconvenience this may cause you," Taneja said.
A Jet Airways spokesperson said the airline on Wednesday remitted half of the second instalment of pending emoluments of its pilots, AMEs and senior management for August.
“The airline has also communicated a revised date of payment to the concerned employees and stands committed to honour its obligations," he said in a statement.
While the management regret the attendant inconvenience, it also appreciates the continued support and understanding of the employees, he added.
The airline, which has posted losses for two straight quarters, is grappling with financial woes.
Earlier this month, the airline said that disbursal of salary for “GMs and above, cockpit crew and AMEs will be postponed for the month of August 2018, and shall be disbursed in 2 instalments - 50% by 11th September and balance 50% by 26th of September 2018".
For the months of September and October 2018, the same disbursement schedule will be followed, Taneja had said.
Shares of Jet Airways closed almost flat at ₹ 191.90 apiece on the BSE.
(This story has been published from a wire agency feed without modifications to the text.)