Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Jet Airways CEO Asks Employees to be Patient, Says It Might Get Tougher

On Wednesday, Jet Airways had decided to cancel 15 flights following grounding of six Boeing 737 planes due to non-payment of lease rentals.

PTI

Updated:January 31, 2019, 9:57 PM IST
facebookTwitterskypewhatsapp
Jet Airways CEO Asks Employees to be Patient, Says It Might Get Tougher
Representative image.
Loading...

New Delhi: Jet Airways CEO Vinay Dube told its employees on Thursday that the situation of the crisis-ridden airline might get tougher and asked them to be patient.

In an email to the employees, Dube said, "It might get tougher before it gets better, and our ascendancy will be gradual, but collectively, with your unstinted support and commitment, we will come out of this a stronger airline."

On Wednesday, Jet Airways had decided to cancel 15 flights following grounding of six Boeing 737 planes due to non-payment of lease rentals.

Dube said that the company's chairman, board of directors and the management team are working hard on a balance sheet transaction that will help in eliminating its "current challenges".

"In fact, the airline's key stakeholders are actively engaged towards finalisation of the resolution plan. We are very close, and I ask for your continued patience. Given our ongoing challenges, this is a very tall ask," Dube wrote in his message.

Dube added "While flight cancellations, regardless of reasons, have an immense impact on guests, frontline colleagues as well as our operational and commercial teams across the network, I want to highlight to you that it has been your hard work and dedication that has put us on top of Indian aviation's reliability chart."

He added that despite some challenges faced by the airlines he was confident that it will once again be at the top of the class in terms of key operational parameters for the month of January.

The airline's three aircraft, which were temporarily grounded to carry out "an engine normalization exercise", were reinstated into its fleet on Thursday.

The full service carrier would be holding a meeting of the shareholders on February 21. It will seek shareholders' approval for conversion loan into shares or convertible instruments or other securities, according to a regulatory filing made on Monday.

The carrier would seek shareholders' nod to "convert the whole or part of the outstanding under loans, extended / to be extended by the lenders, into shares, or convertible instruments or other securities, of the company...," according to the notice of the meeting submitted to the stock exchanges.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 54.10 -15.60
Maruti Suzuki 5,971.75 -2.02
Indiabulls Hsg 394.75 -5.84
ICICI Bank 386.60 -3.19
HDFC 1,974.60 -0.69
Company Price Change %Gain
Maruti Suzuki 5,938.30 -2.55
Yes Bank 54.15 -15.52
Tata Power 64.65 0.94
Indiabulls Hsg 395.15 -5.73
ICICI Bank 386.55 -3.16
Top Gainers
Company Price Change %Gain
Tata Motors 124.20 2.01
UPL 562.05 0.90
HDFC Bank 1,101.05 0.66
Bharti Airtel 337.60 0.60
Coal India 193.45 0.57
Company Price Change %Gain
Tata Motors 124.25 1.97
HDFC Bank 1,100.40 0.64
Bharti Airtel 337.70 0.58
Coal India 193.45 0.49
Asian Paints 1,554.35 0.40
Top Losers
Company Price Change %Gain
Yes Bank 54.10 -15.60
Zee Entertain 308.85 -7.92
Tata Steel 344.65 -3.80
IndusInd Bank 1,282.25 -3.62
ICICI Bank 386.60 -3.19
Company Price Change %Gain
Yes Bank 54.15 -15.52
Tata Steel 344.95 -3.66
IndusInd Bank 1,281.95 -3.59
ICICI Bank 386.55 -3.16
Maruti Suzuki 5,938.30 -2.55

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results