The airline source said the carrier has not been regular in paying salaries to pilots, engineers and senior management for quite some time now.
At the National Stock Exchange, the shares of the airline closed 6.26 per cent higher at Rs 341. It had risen as much as 14.35 per cent to an intra-day high of Rs 366.95.
On a consolidated basis, the airline's net loss stood at Rs 1,261 crore for the second quarter of the current fiscal year ending March, against a net profit of Rs 71 crore in the year-ago quarter.
The shares of major aviation stocks surged by nearly 14 per cent on Wednesday.
The Naresh Goyal-controlled airline is struggling to mop up funds to meet its payment obligations, including salaries to its over 16,000-strong workforce.
Jet Airways passengers experience nose, ear bleeding after crew forgets to maintain cabin pressure
At least 30 passengers suffered ear and nose-bleed soon after the flight 9W 697 took off from Mumbai as the cabin crew forgot to select the switch which maintains cabin pressure.
"Jet Airways is committed to honour its obligations towards its employees and has already paid salaries on time to 84 per cent of its employees," a Jet Airways spokesperson said in a statement.
Jet Airways, which is grappling with financial woes, today said the Registrar of Companies (RoC) has sought explanations from the airline following receipt of a complaint.
Our account with all the banks as on date is 'standard'," said a Jet Airways spokesperson in a statement.
The decision to roll back pay cut proposal was taken during a meeting addressed by the airline's CEO Vinay Dube with a group of employees late last week.
The Directorate General of Civil Aviation (DGCA) has suspended the flying license of two Jet Airways pilots for trying to take off an aircraft from a taxiway parallel to the runway at Riyadh airport in Saudi Arabia
The incident affected flight 9W523 with 142 passengers and seven crew members. There were no casualties or injuries.
Author Suhel Seth was one of the passengers on the flight. He took to social media and complained about the schedule.
Naresh Goyal-promoted Jet Airways and signed a formal agreement with Boeing Co to acquire an additional 75 latest single-aisle 737 Max aircraft valued at USD 8.8 billion at current list prices
Here are some of the eye-boggling discount deals offered by some of the prominent air carriers.
Under the revised civil aviation requirement (CAR), a passenger can be considered to be placed under three categories of unruly behaviour, with category three bearing the harshest punishment.
The new service is the first non-stop service connecting India's financial capital Mumbai and Manchester, the third largest city in the United Kingdom.
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No one was injured in the incident that took place around 8 pm when the Jet airways flight, coming from Dubai, arrived at the Terminal 3 of the Indira Gandhi International (IGI) Airport.
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