Sunday, January 20, 2013

Kingfisher pilots too threaten winding-up petition

Mumbai: Mumbai-based pilots of grounded Kingfisher AirlinesBSE -4.93 % today served it an ultimatum to clear their dues by January 31 or face another winding-up petition even as the beleagured management today appealed to its Delhi-based engineers not to resort to any legal action.
The pilots gave the ultimatum at a meeting with top management representatives including chief executive Sanjay Agarwal.
In a bid to pre-empt legal action by the engineers, the management of Vijay Mallya-owned carrier appealed to them not to take such a step but did not make any commitment about the payments, sources said.
"The management has appealed to the engineers to not file a winding-up petition as it will have an adverse impact on the revival plan, which is awaiting regulatory approval," airline sources told PTI.
21/01/13 PTI/Economic Times