Jet grounded: Spare a thought for employees as over 20000 jobs are at stake

After flying for 26 years, Jet Airways announced temporary grounding of operations after the lenders declined a Rs 400-crore lifeline

BS Web Team New Delhi
Jet Airways protests
Photo: Kamlesh Pednekar

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1 min read Last Updated : Apr 18 2019 | 11:11 AM IST

After flying for 26 years, Jet Airways announced temporary grounding of operations after the lenders declined a Rs 400-crore lifeline, putting at stake 20,000 jobs and thousands of crores in passenger refunds, dues to vendors and over Rs 8,500 crore to banks.

Founded by Naresh Goyal, who began as a general sales agent to a host of international airlines with travel agency Jetair, the full-service carrier served tens of millions of passengers for over two-and-half decades, before becoming the seventh domestic carrier to shutter operations in the past five years.

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First Published: Apr 18 2019 | 11:04 AM IST

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