Wednesday, October 3, 2012

Breaking! Kingfisher - No conclusion on talks

Neelam Mathews
Oct 3, 2012

A meeting held with some 1000 Kingfisher Airlines employees in Mumbai ended some time ago with both sides - engineers and management- refusing to give in, Aerospace Diary learns.

"It was inconsequential,"  an engineer told us. "The CEO has told us to wait for another three months till cash comes in," he said. It is believed the CEO Sanjay Aggarwal stalked out of the meeting. We could not confirm this.

However, an official from the management told us on anonymity: "This is India..such things are bound to happen (no salaries for 7 months) . It will get sorted out once business plans are nailed." He also viewed the meeting with the CEO as "successful." "Looks like people will be back to work in 3-4 days," he added.

Meanwhile, we are wondering what happens to the promise of Oct 4 made to the DGCA by the airline?


1 comment:

  1. Why the double standards? An average indian if defaults on minor loan from bank gets hauled up faces seizure of its assets, here loan of 1.8 Billion USD outstanding and banks running across to find out the rescheduling package. No doubt we live in a different India.