Jet Airways assures pilots of fund infusion via Etihad Airways by mid-December
Updated : December 05, 2018 12:08 PM IST
Jet Airways founder and promoter Naresh Goyal, in a meeting held on November 26, assured pilots that their salaries will be paid on time from April 1, 2019.
The cash-strapped airline has been struggling to stay afloat, reporting heavy net losses for the past three consecutive quarters, forcing it to take several steps to cut costs.
With a likely increase in Etihad's stake, an overhaul and remodeling of sectors will be on the cards, leading to more flights to Abu Dhabi, Etihad's hub.
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