Pilots who have refused a proposed 15 per cent pay cut for two years had been informed that the airline was running out of time to slash costs and raise revenue, the source said. The capital is looking for working capital loans but banks want the airline to show a turnaround commitment
from Times of India https://timesofindia.indiatimes.com/business/india-business/jet-airways-warns-time-funds-running-out-carrier-maybe-grounded-in-60-days-source/articleshow/65255075.cms
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