"Will Work With Lenders To Revive Airline": Jet CEO To Employees | Read
In a letter to employees on Tuesday, Jet Airways CEO Vinay Dube said the management has stressed on the need for urgent funding to lenders. The Jet management said that specific areas that will be impacted if the funds don't come in have been highlighted. With a debt more than Rs. 8,000 crore, the cash-strapped airline is struggling to stay afloat, and owes money to lessors, suppliers, pilots and oil companies.
