Kingfisher Airlines Ltd. (KAIR), the cash- strapped carrier that had its license suspended following a strike, said it plans to resume flights in the next few weeks after employees agreed to return to work.
“We are all together,” Kingfisher Air Chief Executive Officer Sanjay Aggarwal told reporters in New Delhi yesterday after reaching an agreement with employees on salary payments. “We are going to be back in the skies very soon. Everyone from pilots to engineers are resuming duty as we speak.”
The breakthrough in negotiations with employees, who had previously rejected the management’s offers, may help Kingfisher convince India’s aviation regulator to lift the license suspension imposed last week. The carrier will still need to raise funds to ensure that future operations aren’t disrupted, according to Harsh Vardhan, chairman of Starair Consulting.
“This is only one of the issues they were staring at,” said Vardhan, whose New Delhi-based company advises airlines. “The main issue is still the Kingfisher management’s ability to arrange funds to operate the airline.”
26/10/12 Karthikeyan Sundaram/Bloomberg
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“We are all together,” Kingfisher Air Chief Executive Officer Sanjay Aggarwal told reporters in New Delhi yesterday after reaching an agreement with employees on salary payments. “We are going to be back in the skies very soon. Everyone from pilots to engineers are resuming duty as we speak.”
The breakthrough in negotiations with employees, who had previously rejected the management’s offers, may help Kingfisher convince India’s aviation regulator to lift the license suspension imposed last week. The carrier will still need to raise funds to ensure that future operations aren’t disrupted, according to Harsh Vardhan, chairman of Starair Consulting.
“This is only one of the issues they were staring at,” said Vardhan, whose New Delhi-based company advises airlines. “The main issue is still the Kingfisher management’s ability to arrange funds to operate the airline.”
26/10/12 Karthikeyan Sundaram/Bloomberg
