Jet Airways tells union it will clear salary backlog by April: Source
Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet`s bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 percent.
Jet Airways, controlled by founder Naresh Goyal, is India`s biggest full-service carrier by market share. Image source: Reuters