Tuesday, February 14, 2012

Jet, Kingfisher Airlines staff not paid for two months; 20 Kingfisher pilots may have joined IndiGo

Mumbai: Nearly 18,000 employees of Jet Airways and Kingfisher have not received salaries for two months, a reflection of the deepening crisis in the aviation industry.
On Monday, Kingfisher Airlines delayed payment of its December salaries again citing 'large unanticipated payments'. Employees of Jet Airways, the country's largest private carrier by market share, have not been paid for January. Both airlines together employ about 18,000 people in different functions across airports.
Kingfisher CEO Sanjay Aggarwal informed employees in an email on Monday that salary payments for December have been delayed yet again. "We got hit by a couple of large unanticipated payments which had to be addressed on an emergency basis," he said.
The stricken airline, which is struggling to stay afloat after running up huge debt of over 7,000 crore, last paid employees for November. "Now the CEO says we will not be paid and this after a promise made by the chairman (Mallya) himself. So now if the chairman can also go back on his words then who do we trust for getting paid," a senior airline employee, who did not want to be named, said.
14/02/12 Manisha Singhal/Economic Times
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