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Vijay Mallya meets Civil Aviation Secretary

Source : IBNS
Last Updated: Tue, Oct 30, 2012 16:21 hrs

Liquor baron and Kingfisher Airlines Chairman Vijay Mallya on Tuesday met Civil Aviation Secretary KN Srivastava here and briefed him about the cash-strapped private carrier's revival plans.

"I briefed the secretary on the status of revival and restart plan. It is going to be a totally comprehensive plan," Mallya told media.

According to reports, Mallya´s meeting with Airports Authority of India (AAI) chairman V.P. Agarwal did not take place.

"I cannot comment on what the airport authority says. I have not gone and met them," Mallya said.



The deadlock between cash-strapped Kingfisher Airlines´ management and striking employees 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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