Bank unions write to Modi, want govt to take over Jet Airways

April 19, 2019 18:20

Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to

secure the future of the 22,000-odd employees of the carrier.

In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline.

After flying for 25 years, Jet Airways on Wednesday announced grounding of operations after its lenders declined an interim funding of Rs 400-crore.

"We learn that banks have invited bids to possible investors to take over the airline. If it does not happen, we urge you to take over the airline so that the jobs of these 22,000 employees are safe," the association said.

At the same time the unions opposed any move to force banks to lend more money to the airline.

-- PTI

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