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Jet issues gag order, fearing impact on stake sale
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SME Times News Bureau | 19 Apr, 2019
The grounded Jet Airways has issued a gag order to its employees
advising them to refrain from speaking with external stakeholders.
An
internal mail accessed by IANS suggests that talking with external
stakeholders especially the media might impact the bidding process for
airline's stake sale.
"We are currently at a critical stage of
our bid process that is being led by our lenders. We urge you to refrain
from engaging with the media and let the task of interaction with
external stakeholders (especially the media) be restricted to our
colleagues at corporate communication team," the mail sent late on
Thursday said.
Faced with delay in payments of salaries and
prospect of joblessness, hundreds of airline employees had gathered on
Thursday at the Jantar Mantar to voice their concerns and appeal to the
government to intervene for revival of the company.
The staff
from across various departments, including engineering, maintenance,
guest relations and security had participated in the demonstrations.
The Jet Airways had late on Wednesday suspended its operations indefinitely.
The airline's revival now depends on successful stake sale initiated by the lenders led by the State Bank of India (SBI).
In
an official statement, the airline lenders led by the SBI has said that
they were 'reasonably hopeful' that the stake sale process would
succeed and determine fair value of the enterprise.
As per
industry sources, private equity firms TPG Capital, Indigo Partners and
the NIIF and Etihad Airways were in the race to buy a stake in the
grounded carrier.
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