After Shutdown, Jet Airways CEO Says All Jobs Cannot Be Secured during Sale of Carrier

Mumbai: Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube on Wednesday said the airline does not have an "answer" at present on the fate of its 20,000-odd employees during the stake sale process.

The SBI-led consortium of lenders has offered prospective bidders ownership of the airline anywhere between 31.2 percent and 75 for which it had run an online bidding process between 8-12 April and had shortlisted four—Etihad Airways, NIIF, private equity funds TPG Capital and Indigo PartnerS, who can submit the final bids by 10 May.

Jet owes over three months salaries to 15 percent of the staff comprising senior management, pilots and engineers. Besides it has also defaulted on the March salary of its entire workforce.