The Jet Airways Staff and Officers Association has raised serious concerns regarding the alleged theft of aircraft equipment and parts worth ₹30 crore. In a legal notice sent to the Jalan Kalrock Consortium, which is overseeing the airline’s revival, the employee body accuses the consortium of removing valuable aircraft parts and equipment, which were then purportedly sold on the black market. The association claims that this act of misappropriation not only violates legal standards but also jeopardizes the value of Jet Airways’ assets, which are being assessed for liquidation as per a recent Supreme Court ruling.
The legal notice, which was addressed to Jet Airways, the Committee of Creditors led by the State Bank of India (SBI), the chairman of the previous monitoring committee Ashish Chhawchharia, and the new owners, Murari Lal Jalan and Florian Fritsch, highlights the gravity of the alleged incident. The employee body asserts that the stolen parts have not been accounted for, and the illegal activities have not been reported to the Monitoring Committee, a group tasked with overseeing the restructuring of the airline.
The employees’ association argues that this action reduces the overall value of the airline’s remaining assets, which could directly impact the liquidation process mandated by the Supreme Court. With such high-value equipment and parts removed from the fleet, the financial future of Jet Airways could be compromised, affecting all stakeholders involved, including employees, creditors, and potential buyers.
While the legal notice calls for immediate investigation into the matter, it remains to be seen how the parties involved will respond. This development adds to the ongoing complexities surrounding the revival and liquidation process of the iconic airline, which has faced multiple setbacks since its grounding in 2019. The outcome of this legal dispute could have significant implications for the future of Jet Airways, its employees, and its creditors.
