Business

Kingfisher Airlines to extend grounding of flights, says CEO

Reuters | Updated Oct 17, 2012 at 06:47pm IST

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Mumbai: Kingfisher Airlines will extend the date to restart the carrier's operations, its chief executive Sanjay Aggarwal told reporters, after a meeting with employees on Wednesday. Kingfisher said last week that its planes, grounded since October 1 after an employee protest turned violent, would not fly until October 20.

"Talks have been positive. We are moving in the right direction. We will have to extend the deadline to restart operations," Aggarwal said on Wednesday. Once India's second-biggest airline, Kingfisher has never turned a profit since its launch in 2005. It has defaulted on payments to airports, tax authorities and banks and is seven months behind on salary payments to staff.

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Companies

Kingfisher Airlines

Posted on Apr 11, 2013 at 08:13AM IST
Kingfisher Airlines is an airline based in Bangalore, India. It operates more than 400 flights a day and has a network of 77 destinations, with regional and long-haul international services. Its main bases are Bengaluru International Airport, ...

Business Leaders

Vijay Mallya

Posted on Apr 11, 2013 at 08:13AM IST
Vijay Mallya was born on December 18, 1955. He is the Chairman of the United Breweries Group and Kingfisher Airlines, The United Breweries Group's flagship beer brand; Kingfisher is famous across the world. Mallya`s hometown is Bantwal, ...

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