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Published on 7/08/2019 3:41: | Source: ANI

Jet Airways employees urge NCLT to hear ongoing insolvency case of airline

Posted in Business Videos| #Business

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New Delhi

In a final call to save Jet Airways, the employees of the airline staged a protest at Jantar Mantar in New Delhi on Tuesday. The employees held protest in order to ensure that the National Company Law Tribunal (NCLT) hears the ongoing insolvency case of the airline at 11 am on August 10. Jet has been suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes and suppliers besides clearing pending salaries of pilots and other staff.