Jet Airways' chief people officer, Rahul Taneja, told the airline's employees on Tuesday that the company is not able to fund the premium towards its group mediclaim policy. In a note to the cash-starved airline's staff, Mr Taneja said that the employees' mediclaim policy will lapse on the midnight of May 1. The communication from the Jet Airways to its staff comes at a time Jet Airways' group of lenders have taken a controlling stake in the now-grounded airline, and are currently in the process of selling the airline to recover their dues.
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No power supply, a looming food and water crisis, more than 3 lakh people displaced and over 1,100 dead - as Israel strikes backs after Hama...
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By BY JIM TANKERSLEY AND EMILY COCHRANE from NYT Business https://ift.tt/3jGs75O
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