Jet Airways defers March salaries of some employees

MUMBAI: Jet Airways has deferred March salaries of a section of its employees and will be now paying them in a staggered manner across the first week of April.

Now, non-technical staff and other staff will get the pay on April 3 and the rest of the employees, including pilots and engineers, on April 10, the airline said in a recent communication to its employees.

A spokesperson for the company confirmed the development attributing it to “matters internal to the company”. He didn’t elaborate.


Jet’s salary expenses for the third quarter of FY18 rose 5% to Rs 7,28.6 crore from Rs 691.7 crore in the correspondent quarter the previous year. It was the third biggest expense head in Jet’s books after fuel and other expenses.

Jet’s stock fell through the day on the news. It closed 4.35% down at Rs 609.50 on Wednesday on the Bombay Stock Exchange, on a day when the sensex, the main stock market barometer ended flat.