Kingfisher makes presentation on performance before DGCA

New Delhi: Cash-strapped Kingfisher Airlines, whose losses widened by a whopping 147 per cent in the last quarter, today told aviation regulator DGCA it had curtailed its flight operations due to the grounding of six of its 17 aircraft fleet and pilots' strike.
Kingfisher CEO Sanjay Agarwal made a presentation on the airline's performance, severely impacted by financial distress, before DGCA chief Arun Mishra here, official sources said.
Agarwal is understood to have informed the regulator that payment of pending salaries to pilots, who have been frequently striking work over the issue, has begun today. The pilots are now being paid their March salaries.
21/08/12 PTI/Business Standard

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Categories: Kingfisher Aug 2012