Mild on the finish of the tunnel: Jet Airways workers after nod to revival plan

2020/10 18 08:10


The primary day of Navratri competition started with hope for four,000 workers of the Jet Airways, because the committee of collectors (CoC) accredited Kalrock Capital-Murari Lal Jalan consortium’s plan to revive the airline.


“The staff have endured hardship and monetary stress in final eighteen months however now lastly we will see gentle on the finish of the tunnel. We hope the revival course of is quick tracked with the assistance of presidency,”mentioned Amit Kelkar, vp, Jet Plane Upkeep Engineers Welfare Affiliation.



The airline’s workers have admitted claims of Rs 1,265 crore.


When went into insolvency final June, it had round eight,000 workers, and that has whittled all the way down to round four,000 at current. A core group of about 175 workers has been functioning since final yr. This contains 4 senior executives- chief technique officer Rajesh Prasad, authorized head Gautam Acharya, vp (planning) Anthony D’sa and basic supervisor (MIS) Farazad Patrawalla who’ve been working carefully with the decision skilled for revival.


” By voting for Jalan – Kalrock consortium in midst of Covid-19 pandemic, instances, the committee of collectors has voted for decision fairly than liquidation, thereby vindicating the spirit of India’s insolvency course of. The stake holders, together with the workers, are naturally very excited,” Prasad mentioned.


ALSO READ: CoC approves Kalrock Capital-Murari Jalan’s plan to revive Jet Airways


“We’ve labored arduous for the revival and fought for worker dues and are very joyful as will fly once more,” mentioned Nidhi Chaphekar who represents the cabin crew union.


Whereas the temper amongst workers is celebratory, some have sounded a notice of warning. Whereas lenders have cleared the plan it nonetheless requires a number of approvals and authorities help.


“Jet Airways is out of an ICU and is now within the basic ward,” an aviation skilled mentioned drawing analogy with a criticaly in poor health individual. ” What number of workers get employed and who will get employed will rely on the brand new homeowners and their enterprise plans,” he mentioned.

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