INSUBCONTINENT EXCLUSIVE:
Jet Airways owes money to lessors, suppliers, pilots and oil companies
Jet Airways' chief people
officer, Rahul Taneja, told the airline's employees on Tuesday that the company is not able to fund the premium towards its group mediclaim
In a note to the cash-starved airline's staff, Mr Taneja said that the employees' mediclaim policy will lapse on the midnight of May 1
The communication from the Jet Airways to its staff comes at a time Jet Airways' group of lenders have taken a controlling stake in the
now-grounded airline, and are currently in the process of selling a stake to recover their dues
