Jet Airways Turbulence : Embattled Airline Hopeful Of Getting New Investors, Arun Jaitley Assures Look Into Issues

Jet Airways’ chief executive officer (CEO) Vinay Dube, has not lost out on hope to save the troubled airline. After all its operations were grounded , he has reportedly said that the airline is confident of finding new investors.

“We have got four weeks plus or minus (a few days) for the bid process to get completed. We remain focused on it. Nothing much is going to happen in four weeks. It is a short period of time,” Dube was quoted as saying in an interview with Mint.

Responding to a question on whether Air India will be allowed to operate some of Jet Airways’ grounded planes, Dube told the newspaper that the focus at present is to conclude the bidding process.

He said that finance minister Arun Jaitley assured to look into cash-strapped Jet Airways’ issues that have forced the airline to halt operations temporarily.

He said that finance minister Arun Jaitley assured to look into cash-strapped Jet Airways’ issues that have forced the airline to halt operations temporarily.

Dube, along with Maharashtra finance minister Sudhir Mungantiwar, civil aviation secretary Pradeep Singh Kharola, the airline’s chief financial officer Amit Agarwal, representatives of pilots, engineers, cabin crew and ground staff unions met Jaitley at his residence in Delhi.

At least one month’s salary was needed to be paid to the employees for retaining them, Dube said, speaking to reporters later.

“To keep them where they are and to give them hope we need to pay them at least a month’s salary or more. The finance minister has assured us to look into that,” Dube said after the meeting.