New Delhi: Kingfisher Airlines will settle the pending wages of its employees and plans to restart operations soon, airline promoter Vijay Mallya has said.
The airline, which ceased operations on October 1 last year, has not paid employees’ wages for the last 10 months. Its operating licence lapsed on December 31 last year.
At a late night meeting here on Thursday, Mallya said he was committed to paying back the wages as soon as funds start flowing in from the Diageo-deal. Earlier this year, Diaego had agreed to purchase a 53.4 per cent stake in Mallya-led UB Group at an estimated cost of over Rs 11,000 crore.
The meeting was held a day after a section of employees held a protest at Delhi airport demanding payment of pending wages and sought the intervention of the Government to settle their outstanding dues.
22/03/13 Business Line
