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Kingfisher to pay January salaries soon

Kingfisher to pay January salaries soon
Worried over the possibility of its employees dragging the airline management to the labour court over non-payment of salaries, Kingfisher Airline chairman Vijya Mallya has ‘assured’ the staff of paying their January salaries from Wednesday onwards, airline sources said on Monday.

‘Mallya said in his 5 May communication to the employees that the airline will start remitting January salaries from 9 May onwards,’ sources said quoting from the e-mail message.

In his e-mail message Mallya also said that a ‘significant’ portion of the February salaries would be paid by the month-end, they said.

Mallya’s communication to employees comes following the airline’s pilots serving a deadline of 8 May to the management for paying January salaries or face strike.

Besides, they had demanded that the management should also clear the remaining salary in a phased manner by 30 June.

A section of the staff, including pilots and engineers, had last week said that they were contemplating to move to the labour court to seek its intervention and expedite settlement of their dues.

Kingfisher Airlines was suspended for non-payment of dues by the IATA in March from participating in a system which enables airlines to settle their interline billings globally. Airlines and airline-associated companies join the IATA clearing house to settle accounts for services provided by them to other airlines or firms.

Kingfisher Airlines has been facing financial troubles for almost a year now. The airline, which never made a profit since its inception in May 2005, reported a net loss of Rs 444.26 crore in the December quarter.
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