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Showing posts with the label recapitalization

Opinion Kingfisher-Dangling a carrot? (Video)

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Neelam Mathews Oct 23, 2012 As Sanjay Agarwal, CEO of Kingfisher Airlines bravely battled his way through through a barage of tough questions yesterday from journalists and staff during the day,one couldn't but help admire his fortitude, given that his boss is in hiding. There are many in the industry who say this effort by the airline is primarily, to stop employees creating a rukkus outside the Formula One race track in Greater Noida as they have threatened to do, to embarrass the Force India team owner, Vijay Mallya. Or else, how come the management, that has been so cagey with the buck, suddenly comes up with an offer for one month's salary and upped it to three months within hours? Also, call it intuition, but I am seeing a chasm developing between the engineers on their decision to go back to work. Any guesses? Lets not forget, the airline needs engineers and pilots to run just 5-7 planes. And when Agarwal said at the press conference there were just 1500 people...