Jul 12, 2012, 08.23 AM IST

Kingfisher sets Friday deadline to pay outstanding salaries

Kingfisher Airline's operations were shrouded in mystery today, as the employees claimed they were on strike, while the management claimed that it was business as usual, reports Sunanda Jayasheelan of CNBC-TV18.

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Sunanda Jayasheelan, Reporter, CNBC-TV18
Kingfisher Airline's operations were shrouded in mystery today, as the employees claimed they were on strike, while the management claimed that it was business as usual, reports Sunanda Jayasheelan of CNBC-TV18.


Kingfisher in morning clarified that flights were cancelled due to maintenance issues and not because of employees strike.


Also Read: KFA promoter holding dips to record low of 35.86%


Today, a meeting was held between the management and 150 employees comprising of pilots, cabin crew and the ground staff and according to our sources within the employees, says that the meeting was inconclusive. In the past, the KFA management had given a deadline of March 31 to clear the outstanding salaries but the promise was not met. Later on a fresh deadline was set that too seem to have passed. Now, all eyes are on Friday, as the sources within the KFA management says, that the company will pay its employees their salaries on that day.


Right now, the Kingfisher management has communicated to its employees that they will be able to pay the salaries dues only if they their bank account is de-frozen by the I-T department.


Vijay Mallya and Sanjay Agarwal, CEO, KFA, have said to their employees that they will be able to deposit money which will go towards their salaries and they are trying to get that done by Friday.


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