Wednesday, October 3, 2012

NEWS | Ready to pay salaries in next few days: Kingfisher

A day after declaring a partial lockout, top officials of beleaguered Kingfisher Airlines today met DGCA chief and promised to pay salaries of the staff held up for last six months in the next few days.

The airline CEO Sanjay Agarwal, who along with Executive Vice President Hitesh Patel met DGCA chief Arun Mishra, blamed a small section of employees for the mess, saying it had led to suspension of all operations till October four. The airline has stopped sale of tickets till then.
Agarwal briefed the DGCA about the financial problems facing the crisis-ridden carrier as well as the next steps being taken to restore normalcy.
"We have shared the steps which we are going to take in the next few days with the DGCA. We have explained our position to DGCA," Agarwal told reporters after the meeting.
Regarding pending salaries, he said, "we will clear the pending salaries in the next few days. I myself haven't got the salary."
Kingfisher has been saddled with a huge loss of Rs 8,000 crore and a debt burden of another over Rs 7,000 crore which it has not serviced since January.


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