Flying empty wallet, pilots put Kingfisher on notice

Kingfisher Airlines may, in a significant attrition among its pilots, who have not paid salaries for the past two months.Kingfisher Airlines CEO Sanjay Aggarwal met by a pilot on Wednesday and assured them that their October salaries, which should have been credited to their accounts in the seventh the beginning of November would be paid later in the day, while the salaries would be November 15th to December But the pilots remain skeptical.

"We have started to believe what management says. No payments began on Wednesday, despite the CEO's assurance.Not just us, the earth and the other staff who plotted above Rs25 0 monthly and has not been paid for two months. Since Sunday, more than 100 pilots have resigned and bear the notice. If the situation changes drastically on the ground, they will end their six-month notice to quit and "a senior pilot, said DNA Money on condition of anonymity.

He confirmed that at least 10 A 320 aircraft, Kingfisher is now grounded, and one after 12 ātrs 330th

Another senior pilot, who has worked in the airline's five and a half years, said they are trying to form some sort of union or federation to represent their demands on management.

"In the past, every time this subject came up, Vijay Mallya does not deny us permission. Now we have decided to form a group which can take up our cause.

"Kingfisher spokespersons did not respond either call or e-mail on this topic.

Kingfisher's woes began when he decided to leave the first low-cost space, and then a large number of flights canceled to remain viable. Of the 418 scheduled departures per day winter schedule (ending March 2012), King Fisher, there are currently only 243, a written response to the Civil Aviation Minister Vayalar treatment in the Lok Sabha on Wednesday.

The pilots also referred to as non-submission of your tax money as well as helping fund charges with the government over the past two years. "We have to get income-tax notices for no fault of ours. The company is behind them and the amounts to be paid to the government."

Kingfisher Airlines has seen the fees of the various stakeholders - operators in Delhi and Mumbai, the Airports Authority of India, and even aviation fuel suppliers - to mount over the last several weeks. The company has negotiated with the banks increased lending limits, even if he tries to get more equity by the airline.

The carrier reported a net loss of Rs468 crore for the quarter ended September, even as revenue growth of 10.2% of the RS1, 528 crore. Whose activities are definitely the wave of revenue growth was adversely affected, which makes it even more difficult for the airline to meet its payment obligations.