Jet Airways bankruptcy and rebirth 2.0
Feb 26, 2019, 11:29 pm
#137
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^
Feb 27, 2019, 12:49 pm
#138
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Feb 28, 2019, 11:56 am
#140
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Goyal finally stepped down today. I guess having about 50 planes impounded was the straw that broke the camel's back. 49 and he just didn't care.
Feb 28, 2019, 12:12 pm
#141
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Mar 1, 2019, 3:26 am
#142
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Mar 8, 2019, 12:13 am
#143
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Apparently 49 planes are still grounded @ 9W. I can hear AI folks in the background saying "Ummm is that news? Maybe you'd like to take a look at our hangars". And 6E in the backgerground going "Yep yep yep".
Mar 8, 2019, 1:38 am
#144
Join Date: Jun 2016
Posts: 581
When is this saga going to end. Crew still not paid, lessors not paid, planes grounded and some grounded for spares !! Aren't they closing in on roughly 50% of their planes being grounded. How much worse does it need to get before it starts to get better ? Wouldn't be surprised if crews start jumping ship once they get their backdated pay. Or maybe Jet will hold on to that for leverage !
Mar 8, 2019, 2:40 am
#145
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They can't jump ship easily. DCGA has made it mandatory for pilots to give 1 year notice. Otherwise 6E & SG would have snapped all of them up by now.
Also Etihad is doing some renegotiation apparently. That's dragging things out.
Also Etihad is doing some renegotiation apparently. That's dragging things out.
Mar 8, 2019, 3:29 am
#146
Join Date: Jun 2016
Posts: 581
Really ? DCGA get's involved in recruitment ? If so, surely they should give Jet Airways' crew waiver due to non-payment which probably means breach of the employment contract. I'm guessing either there isn't a Pilots union in India or they aren't strong enough to demand payment or down the tools.
Mar 8, 2019, 11:12 am
#147
Join Date: Feb 2010
Location: ORD
Programs: US Air, UA BA LH AI DELTA MARRIOTT CHOICE SGP
Posts: 9,883
When is this saga going to end. Crew still not paid, lessors not paid, planes grounded and some grounded for spares !! Aren't they closing in on roughly 50% of their planes being grounded. How much worse does it need to get before it starts to get better ? Wouldn't be surprised if crews start jumping ship once they get their backdated pay. Or maybe Jet will hold on to that for leverage !
Mar 8, 2019, 11:55 am
#148
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They got involved in the heydays of DN, S2 and others when pilots were jumping ship (actually plane) every other week. So the airlines contested i.e. lobbied DCGA and the ministries that because they were investing so much in the pilots training etc. they needed them to stick around for a little longer otherwise they would have to shut shop.
Most airlines esp. 9W makes pilots "pay" heavy bonds to prevent them from fleeing at the drop of a hat. Esp. to international airlines where DCGA and other Indian authorities have limited control.
Most airlines esp. 9W makes pilots "pay" heavy bonds to prevent them from fleeing at the drop of a hat. Esp. to international airlines where DCGA and other Indian authorities have limited control.
Mar 10, 2019, 6:39 am
#150
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