Closure of Jet Airways: The government is responsible for the sufferings of the workers and airline passengers

The suspension of operations by Jet Airways from 18 April, 2019 has badly affected nearly 22,000 workers and lakhs of passengers. Workers have not been paid salaries since January. Other airlines are raking in fabulous profits, due to the shortage of flights created by the closure of Jet Airways, by increasing their fares 3 to 4 times. The government has made no move to protect the interests of workers or of the airline passengers.

Jet Airways owes eleven banks, including nine Indian banks, about Rs 11,000 crore. The largest amount of debt was given by the State Bank of India, which amounted to 27% of the total loans. Jet has also not paid lease rent for airplanes and its dues to oil companies for fuel supplied.

Subsequent reports have revealed that the banks were aware of the problems with Jet Airways but did not take timely action. The banks had agreed to provide Rs 1500 crore to Jet Airways so that it could continue to run provided Goyal and family gave up the directorship of the Company. While Goyal and family resigned on 25 March, 2019, the Banks did not provide the money, leading to the closure of operations. Reports suggest that the inaction of the banks may lead to their writing off of thousands of crores of rupees of people’s money.

The banks have now invited bids for the sale of Jet Airways. It is reported that capitalists interested in buying Jet want the banks to write off 80 percent of loans to make it attractive for them to buy it. 

All this has happened with the full knowledge and connivance of the government. Both the BJP- and Congress-led governments had given undue favours to Goyal from time to time. The civil aviation policy was changed and the rules were bent to favour him.  In 2001, Arun Shourie, then a minister in the NDA government, had revealed details of an Intelligence Bureau (IB) report, which raised serious questions about Goyal’s source of funds and his dangerous links to the underworld. The report was buried with the active support of key BJP leaders. Every successive government thereafter did nothing about it. Goyal’s company, Tail Winds, which owns the shares of Jet, is based in a well-known tax-haven country, the Isle of Man. Goyal himself is a non-resident Indian and lives in England.

The case of Jet Airways and Goyal once more brings to the fore what numerous such cases in the past have shown, i.e. that in their drive for greater profits, the big capitalists have been given a free hand by the government, whether led by the Congress or the BJP, to loot the wealth of the people and get away scot-free.

Workers of Jet fear that what happened to the workers of Mallaya’s Kingfisher in 2012 could happen to them. There is no clarity when the new buyer will get finalised, if at all, or the company will go through the bankruptcy process under the Insolvency and Bankruptcy Code.

The central government through its Ministry of Civil Aviation is in charge of regulating all aspects of airline transport in the country. The central government must be condemned for its failure to protect jobs of the workers and to protect passengers from being fleeced by other airlines.

The Indian state defends the interests of the big monopoly capitalists and fully facilitates their super-exploitation of the working class as well as their rapacious loot of the wealth and resources of our people. No matter which government comes to power, it works for these monopoly capitalists.

The workers of Jet Airways as well as passengers being fleeced by other airlines have to direct their anger at the Indian state, which is responsible for the hardship faced by them and the colossal robbery of the wealth of our people.


Share Everywhere

Jet Airways    sufferings    airline    passengers    Apr 16-30 2019    Struggle for Rights    Privatisation    Rights     2019   

पार्टी के दस्तावेज

Click to Download PDFInterview with Comrade Lal Singh, General Secretary of Communist Ghadar Party of India

by Comrade Chandra Bhan, Editor of Mazdoor Ekta Lehar

(Click thumbnail to download PDF)

History of Ghadar PartyA Presentation of Communist Ghadar Party of India

100 years ago Ghadar Party was formed by Indians in the US.It was historic milestone in our anti-colonial struggle.

The goal of this party was to organise a revolution to liberate our motherland from British servitude and establish a free and independent India with equal rights for all. It believed this to be the necessary condition for our people to hold their heads high anywhere in the world.

(Click thumbnail to download PDF)

Call of the Central Committee of Communist Ghadar Party of India, 30th August, 2012

Working class representatives from all over the country are gathering on 4th September, at a time when a titanic struggle is going on in our country. The struggle is between the majority of toiling and exploited people and a minority of exploiters. It is between the majority whose labour expands wealth and the minority who enjoy the fruits of wealth creation on the basis of their private property and positions of power.

(Click thumbnail to download PDF)

Call to the Working ClassDefeat the program of privatisation and liberalisation!

Fight with the aim of establishing workers’ and peasants’ rule!

Call of the Central Committee, Communist Ghadar Party, 23 February, 2012

(Click thumbnail to download PDF)

Necessity for the working class to take political powerThe initiating speech, at the working class conference on the Way Forward held on 23-24 December 2011, was made by comrade Lal Singh, on behalf of the Central Committee of the Communist Ghadar Party of India. The document entitled the necessity for the working class to take political power has been edited based on the discussion in the conference and is being published according to the decision the Central Committee.

(Click thumbnail to download PDF)

Power to DecideVoice of the Communist Ghadar Party of India on the Power to Decide

This publication contains three statements issued by the Central Committee of Communist Ghadar Party on 1st, 18th & 28th Aug, 2011.

(Click thumbnail to download PDF)