The grounded Kingfisher Airlines on Friday started paying salary for the
month of May to its lower level staff and some cabin crew while there was
no word about salary dues of Pilots and Engineers. "Only cabin crew and low
rung staff have received their May salary," pilots and engineers said, adding
"we still have no word from the airline about our dues."
Dr Vijay Mallya-owned private carrier, which is on the edge of bankruptcy with its flying licence suspended, had committed that the salary dues till May would be paid by Diwali. As the management failed to meet its promise, employees representatives had threatened to chalk out action plan if they did not receive the May salary by November 17.
The regulator, Directorate General of Civil Aviation (DGCA) had suspended Kingfisher's flying licence on October 19 till further orders after a lockout and its failure to come up with a viable plan to revive the airline.
The bankers to Kingfisher have also warned the airline to arrange for more capital by November 30, though Mallya has denied any deadline issued by the lenders to his company. Kingfisher has accumulated losses of about Rs 9,000 crore as on September 30.
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Revival plan: Kingfisher for extra time Financial Express New Delhi: Cash-strapped Kingfisher Airlines, which is yet to pay part dues to its employees, has sought more time to submit a comprehensive revival plan to the aviation regulator DGCA. The beleaguered carrier has written a letter to Civil Aviation ... See all stories on this topic » | ||
India open to further reforms on airline investment VC Circle India is open to further reforms to lure overseas investors, after a dearth of interest following changes to investment rules left Vijay Mallya-led Kingfisher and other airlines still short of much-needed funds. India is open to further reforms to lure ... See all stories on this topic » | ||
BIAL plans legal action against KFA Times of India BANGALORE: Bengaluru International Airport (BIA) has decided to take legal action againstKingfisher Airlines (KFA) for non-payment of dues. The beleaguered airline owes BIA about Rs 60 crore as of October towards landing and parking charges, ... See all stories on this topic » | ||
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