It was Vijay Mallya's gift to his son Siddharth on his 18th birthday. Today Kingfisher Airlines is clutching at straws, hoping for a miraculous revival.
The management is committed to bring the ailing airlines back on track and is committed to clear arrears once airline is capitalised, the CEO Sanjay Aggarwal said in a press conference.
He also assured that three months salaries will be paid before Diwali. Stating that the three-month salary offer is fair , Aggarwal stressed that the company’s intent is to get employees back to work in a few days.
However, a section of its employees rejected its offer of three months' salary before Diwali and demanded that their four months salaries be paid within a day or two. "Out of 4000 employees 3200 still come to work," he said.
Aggarwal informed that discussions with investors on recapitalisation are still continuing. He also added that suspension will be revoked once revival plan is submitted.
22/10/12 Moneycontrol.com
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The management is committed to bring the ailing airlines back on track and is committed to clear arrears once airline is capitalised, the CEO Sanjay Aggarwal said in a press conference.
He also assured that three months salaries will be paid before Diwali. Stating that the three-month salary offer is fair , Aggarwal stressed that the company’s intent is to get employees back to work in a few days.
However, a section of its employees rejected its offer of three months' salary before Diwali and demanded that their four months salaries be paid within a day or two. "Out of 4000 employees 3200 still come to work," he said.
Aggarwal informed that discussions with investors on recapitalisation are still continuing. He also added that suspension will be revoked once revival plan is submitted.
22/10/12 Moneycontrol.com
