Jet Airways warns carrier may be grounded in 60 days

New Delhi, Aug 03: The Country's biggest full-service carrier Jet Airways Ltd has told its pilots the airline may be grounded in 60days unless cost-cutting measures including pay cuts are put in pace, a senior company executive told to media.

The management team, including Chairman Naresh Goyal, has informed employees in face-to-face meetings in recent days in Mumbai and Delhi that the airline’s financials are in a bad shape and drastic measures needed to be taken to cut costs, the media reoprted, citing two company executives.

The full-service carrier was believed to be in discussions with certain sections of employees on the salary cut proposal, which has been mooted amid efforts to save costs.

Jet Airways, which completed 25 years of operations earlier this year, had 16,558 permanent employees as on 31 March 2018. Besides, there were a total of 6,306 temporary/casual employees, as per the airline's annual report for 2017-18.