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Corporate Aug 9, 2012

Making all efforts to disburse salaries, Mallya assures staff

By Firstbiz Staff

In a letter to his employees, Kingfisher Airlines chairman once again reiterated that he is in talks with investors for raising funds for the debt-laden airline and promised to pay their salaries.

A section of Kingfisher's pilots and engineers are on strike again for delay in salary disbursement, which has resulted in the cancellation of several flights from Mumbai and Delhi.

Mallya has asked his striking employees to return to work as disruptions by some employees were hampering salary payments. However, terming the protest as "disruptive" he warned the agitators that they could quit if they felt their action was justified.

AFP

"If a section of our colleagues feel their actions are justified and that they know best, they can elect to leave our company. But such threats and disruptive actions are not acceptable. The actions of a few can adversely affect all of us."

He asserted that getting back investor confidence is top priority and flight disruptions will only shake that confidence further.

The airline continues to have issues with the tax authorities as its bank accounts have repeatedly been frozen, resulting in delayed salary payments.

He once again reassured employees that Kingfisher will be recapitalised, via foreign direct investment or otherwise.

Appealing to the employees to "understand the extreme hardship that I am going through to keep our Airline flying to the highest safety standards", Mallya said he was writing cheques to various vendors on a daily basis "irrespective of the revenue inflow".

by Firstbiz Staff

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