Jet issues gag order, fearing impact on stake sale

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 withexternal stakeholders especially the media might impact the bidding process forairline’s stake sale.

   

“We are currently at a critical stage of our bidprocess that is being led by our lenders. We urge you to refrain from engagingwith the media and let the task of interaction with external stakeholders(especially the media) be restricted to our colleagues at corporatecommunication team,” the mail sent late on Thursday said.

Faced with delay in payments of salaries and prospect ofjoblessness, hundreds of airline employees had gathered on Thursday at theJantar Mantar to voice their concerns and appeal to the government to intervenefor revival of the company.

The staff from across various departments, includingengineering, maintenance, guest relations and security had participated in thedemonstrations.

The Jet Airways had late on Wednesday suspended itsoperations indefinitely.

The airline’s revival now depends on successful stake saleinitiated by the lenders led by the State Bank of India (SBI).

In an official statement, the airline lenders led by the SBIhas said that they were ‘reasonably hopeful’ that the stake sale process wouldsucceed 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 stakein the grounded carrier.

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