The month-long stalemate at Kingfisher Airline ended on Thursday just in time for Chairman Vijay Mallya to make his appearance at the Indian Grand Prix in Greater Noida. The pilots and engineers with the cash-strapped airline will resume work after the management agreed to pay their four-month salary dues.
After 25 days of protest, a lockdown and a suspension of license, the airline is limping back towards normalcy. The airline management is expected to meet the Directorate-General of Civil Aviation (DGCA) on Friday after its employees finally agreed to return back to work.
However, resumption of Kingfisher's flight operations may take at least three-four weeks as the airline would have to get the suspension of its flying license revoked by the DGCA which also has to satisfy itself on safety issues as well as the viability of their financial and operational plans. After separate rounds of meetings with agitating pilots and engineers in New Delhi, the airline management agreed to pay the March salary within 24 hours, the April salary by October 31, May dues before Diwali in mid-November and June salary by December end.
26/10/12 IBN Live/moneycontrol.com
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After 25 days of protest, a lockdown and a suspension of license, the airline is limping back towards normalcy. The airline management is expected to meet the Directorate-General of Civil Aviation (DGCA) on Friday after its employees finally agreed to return back to work.
However, resumption of Kingfisher's flight operations may take at least three-four weeks as the airline would have to get the suspension of its flying license revoked by the DGCA which also has to satisfy itself on safety issues as well as the viability of their financial and operational plans. After separate rounds of meetings with agitating pilots and engineers in New Delhi, the airline management agreed to pay the March salary within 24 hours, the April salary by October 31, May dues before Diwali in mid-November and June salary by December end.
26/10/12 IBN Live/moneycontrol.com
