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Kingfisher Airlines cancels about 20 flights on employee unrest


Kingfisher Airlines

October 1, 2012 - Mumbai

The Kingfisher Airlines has cancelled several flights on Monday fearing employee unrest. The airlines issued a statement saying that it would proactively cancel flights on Monday as it feared a number of employees are unlikely to report to work. Some of the Mumbai-based pilots have joined the strike called by the engineers on Sunday over non-payment of salaries. They have demanded the salaries which are outstanding for seven months to be paid by October 5, 2012.

About 20 flights have been cancelled by Kingfisher this morning. The staff which are striking will meet at 11 am at the Mumbai International Airport to chalk out their future course of strategy. According to the DGCA norms, a flight cannot take off unless its air worthiness is certified by the airline's engineers, forcing Kingfisher to cancel the flights.

The Kingfisher Airlines is currently in a troubled state with huge debts and is owned by liquor baron Vijay Mallya. The Airlines currently owes more than Rs. 7000 crore in bank loans from 17 banks. The State Bank of India has the maximum exposure at Rs. 1400 crore. Making things worse for Kingfisher, the Directorate General of Civil Aviation (DGCA) has said that it will review the airline's operations on Monday in the backdrop of mass cancellation of the flights. The shares of the Airlines have dropped 5 per cent and was locked in lower circuit on Monday.

Andhra News

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