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Kingfisher Airlines hopes to resume operations in four or five days


Kingfisher Airlines

October 4, 2012 - New Delhi

After announcing a partial-lockdown of its operations, Kingfisher Airlines said Thursday that it expects to resume operations in four or five days. Around 100 staff who are striking work in Delhi have agreed to return to work. The pilots have joined engineers who are demanding the payment of salaries which are due for over seven months.

The Vice President of corporate affairs of Kingfisher Airlines Sanjay Bahadur told reporters that 100 people have agreed to return to work unconditionally. He added that the Airlines is expecting to pay salaries for March within a week.

The Aviation regulator Directorate General of Civil Aviation (DGCA) has not allowed Kingfisher Airlines to operate unless their flights have been certified for air worthiness by engineers. The Airlines is also in talks with other carries like Air India, IndiGo and Jet Airways to get their flights certified for air worthiness. The Shares in Kingfisher Airlines fell for the fourth consecutive session on Thursday, hitting the daily limit of 5 per cent. The shares are trading at Rs. 13.90 on Thursday.

Despite the assurance of Kingfisher Airlines, the DGCA has filed its status report on Kingfisher Airlines asking the airline to declare its future strategy. Speaking to reporters, Civil Aviation Minister Ajit Singh said, "We need concrete plans from KFA on how they will operate. Before KFA should follow all safety measures, they should satisfy the DGCA on the schedule list that they are giving before flying."

Kingfisher Airlines CEO Vijay Mallya appealed the staff of the airlines to resume work. 80 of the 270 engineers of Kingfisher Airlines were on an intermittent strike over the past few months, even as the company has been saddled with a huge debt of Rs. 7000 crore.

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