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King-of-Good Times' Bad Times Still Not Over

PUBLISHED BY: SURENDER KUMAR
OCTOBER 25, 2012

   
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The Kingfisher Airlines impasse shows on no signs of getting over.  The Ministry of Civil Aviation wants it get the green signal from the Directorate-General of Civil Aviation, which would like to have a concrete plan on paying salaries to its employees and compliance with safety norms. So far, the DGCA has refused permission on grounds of absence of any concrete plan on the part of the carrier.

 

 


The already-in-mess operations were totally grounded after the engineers had gone on a strike against non-payment of salaries for seven months. The airlines is caught deep in a financial pit as it owes around Re. 7400 cr. debt to banks and institutions.



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