Jet’s pilots move Supreme Court; seek directions on lenders

TIL Desk/Business/New Delhi/ The pilots’ union of grounded Jet Airways on Tuesday approached the Supreme Court to direct the consortium of lenders for release of funds to restart operations. In its petition, the National Aviators’ Guild (NAG) asked the Supreme Court to direct the airlines’ lenders to release the promised amount to restart operations as it impacts 22,000 direct and indirect employees.

According to the petition, the union said the consortium has failed to meet its obligation of providing Rs 1,500 crore worth of funds to the airline under its turnaround plan.

Besides, the petition also asks the Supreme Court to stop the Central government from allotting Jet’s time slots at the airport on a permanent basis and to prevent allocation of seats under the bilateral agreement on international sector or other airlines.

Last month, temporary suspension of Jet’s operations created a capacity crunch in the domestic sector. Consequently, 280 slots in Mumbai and over 160 in Delhi were left vacant.