Debt-laden Kingfisher Airlines said on Tuesday it temporarily stopped operations to several destinations as per its revised flight schedule, and most employees at those places have been asked to "stay at home."
"We are in a 'holding' pattern right now and are waiting for various decisions from the government and our consortium of bankers on FDI (foreign direct investment) policy, working capital funding, etc," Kingfisher said in a statement. "All of these will have a major impact on the staffing decisions we will have to make," the statement said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
