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India's Oldest Airline Faces Deepening Crisis
9 Apr
Summary
- Operational capacity significantly reduced by the airline.
- Employees face delayed salaries and furloughs.
- Accumulating outstanding dues including GST and PF.
India's oldest private airline is currently experiencing a severe operational and financial downturn. The company's capacity has been substantially reduced, leading to a significant impact on its workforce. As a direct consequence, numerous employees have been furloughed, and salary payments are facing delays of up to two months or longer.
Furthermore, the airline is accumulating substantial outstanding financial obligations. These include critical dues such as Goods and Services Tax (GST), Tax Deducted at Source (TDS), and Provident Fund (PF) contributions. Despite these challenges, the chairman issued a statement thanking the government for moderating jet fuel price hikes.
