Jet Airways employees write to SBI, offer to take over airline
Updated : April 30, 2019 06:44 AM IST
The letter also promises a commitment of Rs 7,000 crore, which includes Rs 3,000 crore from investors and Rs 4,000 crore from employees through a 'hypothetical five-year employee stock option programme.'
It was signed by senior Jet Airways employees including Capt PP Singh, Sr Vice President (Operations) and Accountable Manager, Jet Lite, and BB Singh, Manager, Human Resources, Jet Airways.
The letter comes after concerns that bidders for Jet Airways may lose interest following the distribution of its slots to its peers.