D-day for Kingfisher Airlines on Friday: Sources
Tomorrow could be a crucial day for Vijay Mallya's Kingfisher Airlines.
Tomorrow could be a crucial day for Vijay Mallya's Kingfisher Airlines. CNBC-TV18 learns from sources that after their May salaries weren't paid before Diwali as promised, Delhi-based pilots have written a letter to the management saying that if they do not get their salary by November 30, they will be forced to take action against the airline, including approaching the DGCA, only the ground staff have got their may salaries.
Also, November 30 is the last day that banks have set for Mallya to meet them and present a comprehensive revival plan including bringing in Fresh Capital banks have ruled out fresh equity to KFA which is sitting on a debt of nearly Rs 8,000 crore...several of the airlines creditors including the aai have said that KFA's license suspension should not be revoked unless their dues are settled.