Jet Airways crisis: Crucial meeting on fate of cash-strapped airline on Monday. Here's how events unfolded

It will be a crucial day for the cash-strapped Jet Airways on Monday when a meeting of the SBI-led lenders' consortium with the airline's management would take place. At least 1,100 pilots belonging to crisis-hit Jet Airways' pilots body National Aviator's Guild (NAG) had decided not to fly from 10 am on Monday in protest against "non-payment of salary dues. However, the decision was later deferred to be taken after the meeting. The pilots along with engineers and senior management have not received salaries since January. The debt-ridden carrier has also not paid March salary to employees of other categories as well. Jet Airways is at present under the management control of SBI-led consortium of lenders after the approval of a debt-rejig plan last month, which also led its founder chairman Naresh Goyal to quit.

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