Jet Airways (JAI, Mumbai International) has delayed payments of August wages to 15% of its staff, well over 2,000 employees, due to the looming cash crisis, the Financial Times has reported.

An airline spokesperson insisted that all staff members would "eventually" be paid, although he did not name any specific timeline.

The media reported in early August that Jet Airways was facing an imminent cash crisis and might become insolvent within 60 days. The carrier denied these allegations, although it later announced a INR20 billion rupee (USD285 million) cost-cutting drive. It also launched its largest-ever sale in order to improve the current cash flow.

Between March and June 2018, the carrier lost INR13.3 billion (USD190 million) net. The carrier had a total debt of INR81.5 billion rupees (USD1.2 billion) as of March 31, 2018.