Wow... In the US, missing payroll means a company is defunct. It is such a big deal, most quietly pay on Thursday night to prevent any mixup. There was once such a mixup at my employer and they jumped through hoops to get us paid before 5pm US East coast time.
Interjet is in real trouble missing payroll. I wish them luck, but until I hear about an official new owner or an annual profit, they are now in doubt.
Maybe it is a US cultural thing, be we really look down on missing payroll.
I recall when Jet Airways missed payroll and some tried to claim it wasn't as big a deal outside of the US. Well for US investors, it is pretty much impossible to explain away.
In any country, and in any language, when a company is not able to make payroll, you know such entity is technically bankrupt and operating under such strains of debt that its creditors and vendors are unwilling to continue to render services unless it pays for services on the spot with cash. An organization with such insurmountable debt can only pretend to carry on business on life support because the accountants have to make life-or-death decisions such as do I pay cash for: the rent, or do I pay for aircraft leases, or do I pay for maintenance, or do I pay for back-owed airport fees, or lastly, do I pay for employees payroll? I'm glad you pointed out Jet Airways because this is exactly how this story ends. These employees have been owed wages pre-COVID crisis! They have been told never ending excuses as to why they are not receiving proper pay on time, and you bet that they are disgruntled as HELL as a result. Sadly it is they who will lose the most when this unravels.
It boggles the mind how they continue to pretend they are revamping operations by taking once grounded aircraft that lacked proper maintenance due to insufficient spare parts and pretend to have a new strategic business plan to fly a milk-run from Mexico City to Tijuana by making two stops along the way (MEX-GDL-HMO-TIJ) because the planes with the proper range they once had have been repossessed. Mind you, I may try it just to experience the journey because it's out-of-this world to fly such a journey this day in age on a very exotic lemon vehicle to top it off. Last time such flight schedule was flown, it was on a 727-100 on a now defunct airline. Anyone care to join me?
Still.. I find it quite amusing when you have people stating that they have a real chance of survival with their imported lemon vehicles that nobody else wants , or that they will take over AM's market share and swear that AM will likely go bust. One has to wonder if these folks are drawn to alternative news?
Pan Am - The World's Most Experienced Airline.