A Jet Airways Ltd. aircraft takes off at Mumbai Airport. (Photographer:Santosh Verma/Bloomberg News)

Jet Airways Defers Payment Of August Salaries To Pilots, Senior Management

Jet Airways Ltd. has told its pilots, aircraft maintenance engineers and senior management team that part of their August salaries will be paid by Oct. 9, according to a communication.

On Sept. 6, the crisis-hit airline told senior employees that salaries would be paid in two installments till November.

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 two installments -- 50 percent by Sept. 11 and balance fifty percent by of Sept. 26."

While we have remitted the first installment, please note that we shall be remitting 50 percent of the second installment 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 Oct. 9, 2018.
Rahul Taneja, Chief People Officer, Jet Airways.

The communication was addressed to pilots, Aircraft Maintenance Engineers 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 that the airline today remitted half of the second installment 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 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.

For the months of September and October 2018, the same disbursement schedule will be followed, Taneja had said.

Also read: Jet Airways Flight Returns To Mumbai After Loss In Cabin Pressure