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Jet Airways to cut some employees salaries by up to 50%

CEO Sanjiv Kapoor and the CFO Vipula Gunatilleka have both taken temporary cuts of over 50%. Kapoor said: “These are all good people who have been working hard to try to do what has never been done before: revive an airline that has gone bankrupt. However, with the ownership transfer timeline slipping due to factors outside our control, some temporary hard decisions had to be taken.”

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