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Helped in Kingfisher settlement: Mallya

Source : IBNS
Last Updated: Sat, Oct 27, 2012 23:50 hrs

Liquor baron and Kingfisher Airlines Chairman Vijay Mallya on Saturday said his participation helped in reaching the settlement between management and striking employees during the recent deadlock of the private carrier over payment of salaries.

"We are here to enjoy Formula One, so let´s enjoy it," Mallya told reporters at the Buddh International Circuit (BIC) here.

"But I have always been available and whatever settlement has been reached, it´s because of my participation," he said.



Mallya made the comments on the sidelines of Sunday´s Indian Grand Prix.

The liquor baron tweeted: "At the Buddh International F1 circuit. Sahara Force India qualifying prospects are secondary. Even sports journos focus only on Kingfisher."

The striking employees on Oct 22 expressed their anger for not being able to meet with Mallya during the dispute.

Mallya on Tuesday tweeted: "I travel 24x7 where my multiple work responsibilities take me. Sections of media call me an absconder because I don´t talk to them."

The deadlock between cash-strapped Kingfisher Airlines´ management and striking employees, however, ended on Thursday with its staff agreeing to resume work.

"Kingfisher Airlines Ltd. is pleased to announce that all of its employees have agreed to resume work and report for duty immediately," said Prakash Mirpuri, Vice President - Corporate Communications, Kingfisher Airlines Limited, in a statement.

"All employees are now eagerly looking forward to working together in order to re-starting operations very soon," he said.

Kingfisher Airlines Chief Executive Officer (CEO) Sanjay Agarwal on Thursday held a meeting with the airline´s engineers and pilots in Delhi where they agreed to the management´s offer to pay three months´ salary by Diwali.

According to reports, the employees will get March salary within the next 24 hours. They will get April salary before the end of Oct and May salary by Diwali.

The private carrier received a blow on Oct 20 when the aviation regulator Directorate General of Civil Aviation (DGCA) suspended its flying licence.

The DGCA suspended the flying license of the private carrier until it comes out with a revival plan.

The operations of the private carrier were under suspension since Sept 30 due to strike by its employees.

The employees of the Kingfisher Airlines were often striking time and again over the issue of non-payment of salaries this year.

Kingfisher reported a loss of Rs. 1,151.50 crore in the March quarter.

It has a debt of over Rs. 7,500 crore and accumulated losses which are almost equal.

Kingfisher Airlines controlled by Mallya has neither been able to pay salaries regularly since February nor has it managed to pay its dues to oil companies and airports, media reports said.

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