Monday 15 October 2012

Kingfisher Airlines postpones meet with employees to October 17


MUMBAI: Kingfisher AirlinesBSE 0.00 %in a late evening communication informed its pilots and engineers that the crucial meeting that was slated to take place on Monday with UB Group top brass has been now shifted to October 17.

The meeting for talks to find a solution to the deadlock that has grounded Kingfisher for 15 days now is kept under wraps and the employee representatives have not been informed the exact time and date of the meeting.

Kingfisher has to come up with a viable business plan if it needs to re-start operations as it states on its website from October 21. The airline has also to reply to a showcase notice issued by the civil aviation regulator before 20 October, which some reports suggest that the regulator might extend.

The meeting is a make or break for Kingfisher, the airline promoted by Vijay Mallya, the one-time undisputed czar of the spirit business in India. Employees of the airline said they expected the meeting might never take off. "We think this is just a gimmick and nothing will emerge from them," said a pilot not wanting to be quoted.

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