New Delhi: Adding twist to the Kingfisher Airlines crisis, sources said that the airline will not be able to pay the full salaries to its employees. The current monthly salary outgo for Kingfisher Airlines stands at approximately Rs 20 crore. Half of the airline staff were paid their March salaries but for the outstanding salaries, the airline will need Rs 10 crore. The balance amount for seven months is Rs...
01:42 PM, Oct 05, 2012
New Delhi: As Kingfisher Airlines extended its partial lockout by a week till October 12, Civil Aviation Minister Ajit Singh on Friday said the debt-ridden company will have to satisfy airline regulator DGCA on safety before it gets permission to fly again. "There are a lot of factors involved in it. That includes the salaries of the employees, their disgruntlement issues and others. If the employees are disgruntled there is...
12:16 PM, Oct 05, 2012
Mumbai: Adding to Kingfisher Airlines' woes, countrywide protests were staged by the airline employees after CEO Sanjay Agarwal cancelled a meeting with them on Friday. The meetings between Agarwal and the employees in Bangalore and Chennai was cancelled with sources saying that some of the employees refused to meet the management. Kingfisher Airlines employees are also staging protests in several cities. A group of employees took out a march from...
11:59 AM, Oct 05, 2012
The wife of a Kingfisher Airlines store manager Manas Chakraborti committed suicide in Delhi on Thursday. Her suicide note said that the family was under severe financial strain as her husband had not been paid his salary for the past six months. Chakraborti had joined Kingfisher after retiring from the Indian Air Force. The couple has a son who is studying in an engineering college. The victim's body was discovered ...
11:57 AM, Oct 05, 2012
New Delhi: The meetings between Kingfisher Airlines's CEO Sanjay Agarwal and the airline's employees in Bangalore and Chennai scheduled for Friday was cancelled a day after banks finally agreed to release Rs 60 crores to the cash-trapped airline. Kingfisher Airlines will be now able to pay its employees salaries with half that amount. The airline employees have planned to hold a candlelight vigil on Friday at 2 pm in Delhi....
10:18 AM, Oct 05, 2012
New Delhi: The wife of a Kingfisher store manager, Manas Chakraborti committed suicide in Delhi on Thursday. Her suicide note said that the family was under severe financial strain as her husband had not been paid his salary for the past six months. Chakraborti had joined Kingfisher after retiring from the Indian Air Force. In her suicide note, 45-year-old Sushmita wrote, "My husband works with Kingfisher where they have not...
09:34 AM, Oct 05, 2012
New Delhi: Cash-strapped Kingfisher Airlines got a lifeline as banks agreed to release Rs 60 crore for the airline to pay its employees. Kingfisher Airlines will be able to pay its employees salaries with half that amount. But the lockout has been extended till October 12. The airline management will be meeting employees again on Friday after talks failed on Thursday. The move to release the money came after the...
07:18 AM, Oct 05, 2012
Mumbai: The Kingfisher Airlines has decided to extend its partial lockout till October 12. The airlines issued a statement on Thursday in this regard saying it "constrained to extend the partial lockout". The cash-strapped airline blamed the extension of the lockout on the "illegal strike that has not been withdrawn". The airline said that it was forced to declare the lockout "in view of the illegal strike perpetrated and continued...
11:19 PM, Oct 04, 2012
Mumbai: About 100 Kingfisher employees, including engineers and pilots, today took out a candlelight march from domestic airport to Kingfisher house in Mumbai to protest against the death of a technician's wife, who allegedly committed suicide due to financial stress in Delhi. "We have taken out this to condole the untimely death our colleague's wife, who committed suicide due to financial stress. We strongly condemn the agony airline management has...
09:57 PM, Oct 04, 2012
New Delhi: Kingfisher Airlines Company Secretary Bharath Raghavan resigned on Thursday even as the company management met with striking employees on Thursday in Gurgaon but failed to end the empasse. The crisis-ridden airline is in a state of lock-out with its flights grounded and employees not paid their salaries for the past several months. The Kingfisher Airlines management met with striking employees in Gurgaon but there was more confusion after...
05:35 PM, Oct 04, 2012
New Delhi: In a tragic incident in the national capital, the wife of an employee of the Kingfisher Airlines committed suicide. The husband of the suicide victim works as an engineer with the crisis-hit airline. A suicide note has been recovered by the police that blames financial stress as the cause of the extreme step. According to sources, the Kingfisher Airlines has not paid salary to the engineer for the...
05:06 PM, Oct 04, 2012
Gurgaon: The Kingfisher Airlines management met with striking employees on Thursday in Gurgaon but failed to end the empasse. There was more confusion after the meeting as a Kingfisher Airlines official claimed that 100 employees were ready to resume work, but the airlines denied any such development. Kingfisher lenders will be holding an emergency meeting later on Thursday in Mumbai at the SBI Bhawan. Kingfisher Airlines spokesperson denied the statement...
12:40 PM, Oct 04, 2012
Mumbai: Falling for the fourth straight day, shares of Kingfisher Airlines were down about 5 per cent as hopes of the ailing company resuming operations faded on Thursday with management failing to persuade striking engineers and pilots to return to work. The scrip tanked 4.79 per cent to hit the lower circuit limit of Rs 13.90 on the BSE. At the NSE, the stock plunged 4.79 per cent to Rs...
12:10 PM, Oct 04, 2012
New Delhi: Kingfisher Airlines expects to resume operations in four or five days after about 100 pilots and engineers in Delhi had agreed to return to work, an executive with the ailing airline said on Thursday. Sanjay Bahadur, vice president of corporate affairs, also said the airline expects to pay salaries for March within a week. Cash-and-debt-strapped Kingfisher, once India's second-largest airline, is half a year behind on salary payments...
11:36 AM, Oct 04, 2012
New Delhi: The resumption of Kingfisher Airlines' flight four days after its lock-down seems to be under a cloud after talks between the airline management and employees failed. Sources said that the staff who have not been paid their salaries since March demanded to be paid in full on Wednesday and this was turned down by the management. Sources added that CEO Sanjay Aggarwal requested his employees for 20 more...
08:34 AM, Oct 04, 2012
The Election Commission declared dates for Gujarat and Himachal Pradesh Assembly elections amidst a bitter war of words between Narendra Modi and Sonia Gandhi. Kingfisher crisis deepens after talks between the management and striking employees fail over unpaid salaries.. the DGCA report says safety is a serious concern. ...
11:12 PM, Oct 03, 2012
New Delhi: The Directorate General of Civil Aviation (DGCA) on Wednesday submitted its report on the Kingfisher Airlines to the Civil Aviation Minister. The DGCA, in its report, alleged that the safety of Kingfisher Airlines operations was seriously jeopardised. The DGCA has also raised serious concerns over the non-payment of salaries to its employees, asking Kingfisher to submit concrete plan before resuming operations. The aviation regulator has reiterated that the...
08:44 PM, Oct 03, 2012
New Delhi: The deadlock between the Kingfisher Airlines management and its pilots and engineers continues as talks failed between them. A representative of the striking Kingfisher engineers and pilots said the strike will continue as the management has failed to give any commitment on payment of salaries. This came even as Kingfisher CEO Sanjay Agarwal met the Director General of Civil Aviation (DGCA) and promised to restart operations by Friday....
04:03 PM, Oct 03, 2012
Mumbai: Falling for third day in a row on Wednesday, shares of Kingfisher Airlines plunged about five per cent after the company declared a partial lock-out, suspending flight operations till Thursday. Soon after the opening trade, the scrip tanked 4.89 per cent to touch the lower circuit limit of Rs 14.60 on the BSE. At the NSE too, the stock fell by 4.89 per cent to Rs 14.60. The airline...
11:58 AM, Oct 03, 2012
New Delhi: Trouble also continues for Vijay Mallya-promoted Kingfisher Airlines. A day after its flights were grounded by a strike, Kingfisher CEO Sanjay Agarwal met the Director General of Civil Aviation (DGCA) and promised to restart operations by Friday. Agarwal also explained the partial lockout at the DGCA office. Kingfisher has promised to restart operations by Friday. For that to happen employees who've gone without salaries for over seven months...
07:59 AM, Oct 03, 2012
