If all goes well, then every single employee of Jet Airways will become an owner of the airline.
The 750-strong Jet Airways pilots, represented by the Society for Welfare of Indian Pilots, plan to ask the management to do away with around 120 of the 280-odd expatriate pilots on contract with the airline before accepting a salary cut.
Two associations representing pilots and engineers have written to SBI chairman Rajnish Kumar proposing that they would take over the airline and can bring in up to Rs 7,000 crore.
'Now we will have real employees as the owner of the airline.'