by Admin 2012-10-06 | Like 32 |2823 Views

KFA will not be able to pay full salaries to its employees

KFA will not be able to pay full salaries to its employees

New Delhi: Adding twist to the Kingfisher Airlines crisis, sources said that the airline will not be able to pay the full salaries to its employees. The current monthly salary outgo for Kingfisher Airlines stands at approximately Rs 20 crore. Half of the airline staff were paid their March salaries but for the outstanding salaries, the airline will need Rs 10 crore.

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Troubled Kingfisher Airlines Chairman Vijay Mallya will be attending the Indian Grand Prix event at Greater Noida later this week. Mallya will be returning at a time when the airline is in the middle of a crisis. The employees of Kingfisher Airlines wanted to speak directly to Mallya on their issues, but they were not given permission to do so.

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The ailing Kingfisher Airlines on Monday offered to pay one month salary to its employees in 24 hours during a closed-door meet with the representatives of its pilots\' and employees\' unions. Sources said that the airline company further offered to pay the second month salary within a week and the salaries for the third month before Diwali. However, the staff

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Kingfisher Airlines was once considered a very reputed and reliable Airlines and their service facilitated to passengers was appreciated around the globe. But now, the Vijay Mallya owned Company is sa

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n the latest twist to the Kingfisher Airlines crisis, sources on Friday said that the money to revive the cash-strapped airline will come from Vijay Mallya\'s UB Group as there is no investor available in the near term. Kingfisher CEO Sanjay Aggarwal met the Directorate General of Civil Aviation (DGCA) officials on Friday afternoon and will now meet Mallya to

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