CLARIFICATION

In response to our story: Bankruptcy Knocking (November 18 issue), Jet Airways has clarified that it has paid salaries to over 84 per cent of its employees on time, and only the salaries of the remaining employees (mostly senior management) have been deferred with a pre-determined schedule. It has also clarified that it has informed the BSE that it has not sought any moratorium for any of its loans or for reduction of rates from its lenders.