(Reuters )
(Reuters )

Jet Airways pilots' union asks Supreme Court to direct SBI to release funds

  • Jet Airways halted all flight operations indefinitely on 17 April after its lenders rejected its plea for emergency funds
  • The Centre has asked the Supreme Court to direct the aviation ministry and the DGCA not to re-allocate its slots to other airlines permanently

New Delhi: Jet Airways' pilots' union has appealed to the Supreme Court to direct state lender, State Bank Of India, to release interim funding to the grounded airline, according to a court filing made on Tuesday which was reviewed by Reuters.

Embattled Jet Airways halted all flight operations indefinitely on 17 April after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.

The government has also asked the Supreme Court to direct the civil aviation ministry and aviation regulator, the Directorate General of Civil Aviation (DGCA), to decline any de-registration requests of Jet's aircraft and not re-allocate its slots to other airlines permanently, according to the filing.

The National Aviator's Guild said in its petition that SBI's decision to not give the interim funding of 1500 crore, after previously agreeing to it under a resolution plan, has resulted in the airline being grounded and has impacted the livelihood of Jet's 22,000 employees.

Also read: Jet’s promoters may face fund diversion probe

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed

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