Jet Airways denies report on the airline not being able to fly beyond 60 days

Indian airline Jet Airways' denied the news report which said that told its employees that the carrier will not be able to operate for more than 60 days without taking cost-cutting measures.

The airline clarified in an exchange filing that the report of the company telling the staff that it can not fly beyond 60 days is incorrect.

The company's management, according to the ET, informed the staff directly that its financial condition was pretty severe.

However, the report further stated that some employees had alleged that the measures were meant to create panic among them to force them to quit. “We have been informed that the airline cannot run beyond two months and the management needs to cut cost through pay cuts and other means to ensure that it stays afloat beyond that. The airline did not inform us about all this all these years which has dented trust of employees in the management,” an executive was quoted in the report.

The cost-cutting measures was, however, confirmed by the paper. “In line with its stated focus of creating a healthier and a more resilient business, Jet Airways has been implementing several measures to help it reduce cost as well as realize higher revenues, for desired business efficiencies,” Jet Airways was quoted as saying in the report.