New Delhi, Oct. 30:
Kingfisher Airline’s promoter Vijay Mallya has told the Government that
work was going on with regard to the revival plan for the debt-strapped
airline.
Mallya conveyed this at a meeting that he had with Civil Aviation
Secretary K.N. Shrivastava here on Tuesday. Sources indicated that at the
meeting Mallya did not disclose from where funds would come for the airline’s
recapitalisation or by when it would restart flights.
As in the past few meetings that senior officials of Kingfisher Airlines
had with senior Government officials, verbal assurances were given about the
revival plan and recapitalisation.
The airline ceased operations on October 1 after its employees refused
to continue working till they were paid back salaries owed for the past seven
months.
On October 20, the Directorate General of Civil Aviation suspended
Kingfisher’s licence, claiming that it had failed to respond to the show-cause
notice issued earlier.
In an effort to resolve the crisis, the airline paid March salaries to
its employees recently and assured them that salaries for April and May would
be paid before Diwali on November 13.
No comments:
Post a Comment