The pilots' union of India's troubled Jet Airways said on Sunday it wi...
FILE PHOTO: Workers cover the cockpit window of a Jet Airways aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas/File Photo
Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt. The airline was bailed out on Monday by state-run banks, which have temporarily taken a majority stake in the company and given it a new loan of $218 million.
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