Pilots at the airways resumed work on Sunday, ending their five-day strike which caused difficulties to a lot of passengers and a huge financial loss for the company.
The airline said an 'amicable agreement' has been reached with the pilots.
Over 400 pilots stayed away from work during the strike, forcing the airline to cancel hundreds of flights and leaving thousands of passengers stranded.
Jet Airways issued a press statement after the stalemate was resolved, following which all domestic as well as international flights resumed operations on Sunday.
In the course of the settlement, the Jet management decided to take back the four pilots who were sacked.
President of the Indian National Aviators Guild (NAG) Captain Girish Kaushik gestures as he speaks with the media in Mumbai.
Executive Director of Jet Airways Saroj Datta met with the striking pilots on Saturday in Mumbai.
Sources say there were murmurs of a division within the pilot community, especially younger recruits who were worried about a management crackdown.
The talks saw a lot of hard bargaining by the two sides, especially over issues which had a larger impact on the employees of the private airline.
The Jet management has decided to give 50 per cent discount on its flights to bring back customers after strike. This discount is likely to be given on domestic flights.