India’s first private airline which recently celebrated 25 years in the sky is naturally no stranger to turbulence- but non as bad as this. With over 1 billion dollars in debt plus escalating passenger complaints at 3.1 per 10,000 passengers plus news afloat of pilots rerouting their careers- or selling family jewels to make ends meet due to non payment of salaries, Jet’s image took a serious nose-dive.
Customers too are feeling a bit queasy at the prospect of losing holiday bookings after over two thirds of fleets stayed grounded for weeks
The airline is also under pressure to address ascending cancellation charges and passenger anxiety at the prospect of wasting their hard earned mileage points.
Meanwhile emergency discussions are happening to make sure that no jobs are at risk with State Bank of India and Punjab National Bank likely to come to the rescue. But partner Etihad Airlines made an announcement that it will not be part of a bail out. They clearly signaled that they will be be tightening their belt until promoters who were also board members until recently, departed from their positions.
Though there are more discussions scheduled along with a bank bailout in the horizon the future of Jet Airways still remains up in the air.
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