India-based Airlines - Kingfisher Management Threatens Closure

http://timesofindia.indiatimes.com/business/india-business/Kingfisher-warns-pilots-of-shutdown/articleshow/12127907.cms[quote]

For the first time since its troubles began, the Kingfisher Airlines management has threatened a shutdown at a meeting with its pilots in Mumbai. CEO Sanjay Aggarwal made the statement on Thursday in response to the pilots' stand that they may refuse to operate flights if they are not paid their salaries. Despite the warning, a majority of Mumbai-based pilots called in sick on Saturday, but the curtailed flight operations were not affected.

this is nothing more than aggarwal taking a hard stance on non-payment of salaries....

this is nothing more than aggarwal taking a hard stance on non-payment of salaries....

Sure. But if the pilots go ahead and decide to strike, do you think that he'd actually make good on the threat? Would Mallya let him?

Sure. But if the pilots go ahead and decide to strike, do you think that he'd actually make good on the threat? Would Mallya let him?

no clue....i guess we shouldn't have to wait long to find out....

Official statement of KFA on the issue: http://www.flykingfisher.com/media-center/press-releases/statement-from-kfa.aspx

Statement from KFA - 4th Mar 2012

Mr. Sanjay Aggarwal met with a group of Pilots to appeal to them not to stay away from flying duties which would potentially affect the operating schedule. At no time was there any suggestion that Kingfisher Airlines would shut down.

We are trying our very best to co-operate with the tax authorities and get our accounts un-frozen at the earliest so that normalcy could be restored, employee salaries paid and further aircraft recoveries started.

Our flights are operating as per schedule and we truly appreciate the continued dedication and commitment of all staff to our valued guests.

Prakash Mirpuri
Vice President - Corporate Communications
Kingfisher Airlines Limited