INDOlink

Mallya Wakes up to Worries Each Day Email this page
Print this page

Bangalore: With the death of an employee’s wife, who committed suicide last day citing financial stress, Mallya’s business empire is paying for all its extravagance it once enjoyed. The airline business has brought him down and the current heated debates have left the man powerless.
Adding to its woes, the employees are staging countrywide protests after KFA CEO Sanjay Agarwal cancelled a meeting with them in Bangalore and Chennai. On October 4, banks had agreed to release 60 crore to the airlines, with which the airline is expected to pay its employees. It was keeping this in mind that the meeting was cancelled by Agarwal.

The employees are planning for a march from Mumbai airport to Kingfisher House and a candlelight vigil to protest against the death of a technician's wife in Delhi. One of the organizers of the march said, "We have taken out this to condole the untimely death our colleague's wife, who committed suicide due to financial stress. We strongly condemn the agony airline management has given to us by not paying salaries for past seven months. We pray for the peace of the departed soul and vow to continue our agitation. "

Adding to the losses, the KFA secretary, Bharath Raghavan has bid bye to the company last day.

Never Ending Crisis

It is true that the airlines run by the liquor baron has managed to exist amid the most crucial crisis period and it did generate multiple responses from the rest of the world. But now, with the company officials saying, “We regret that the illegal strike has still not been withdrawn and normalcy has not been restored in the company…. In light of this, Kingfisher Airlines has been constrained to extend the partial lock-out which commenced from 1st of October up to 12th of October, 2012,” it seems that the business is at its count down.

Furthermore, regarding the safety issues, the Civil Aviation Minister Ajit Singh has made it mandatory that Kingfisher has to get DGCA’s permission if it wants to fly; certified engineers have to approve it and the employee issue should be sorted out soon. All these issued have added to the worries of the liquor tycoon.

The airlines was facing a loss of 8,000 crore and a debt burden of over 7,000 crore and several of its aircrafts have been taken away by the Airport Authority of India for not paying the dues during the past few months. It repeatedly cancelled its flights and downsized its operations, offering a total of 70 flights a day compared to the 570 flights per day at its peak in 2008 and flying only 10 planes against 78 back then.

Aviation Authority Playing Stricter

Aviation regulator, Directorate General of Civil Aviation has felt that the non-payment of the salary could affect the safety of the air-crafts, reports Manju V, TNN. According to the sources, DGCA submitted an interim report to the civil aviation ministry on the Kingfisher crisis which included safety issues as aircraft engineers were on strike.

It alleged that the safety of Kingfisher Airlines operations was seriously jeopardized. It also asked the airlines to submit concrete plan before resuming operations.

Kingfisher officials on the other hand, have expressed their hope to find the ways to resolve the crisis and resume operations wnehn they met the DGCA Chief Arun Mishra.

Home About Us Jobs Comments Contact Us Advertise Terms of Service Privacy Policy
Copyright © 1995-2013 INDOlink.com, Inc. All Rights Reserved.
INDOlink, Planet Bollywood, "Best of Both Worlds", "Linking Indians Worldwide" are trademarks of INDOlink.com, Inc.