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Kingfisher Staffers Move Court For Co.Closure

PUBLISHED BY: SURENDER KUMAR
JANUARY 09, 2013

   
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Kingfisher Airlines, the troubled airline, is facing fresh trouble with its staff moving the court for a formal closure of the company if it failed to lay out future plans giving a time-line for clearing their salary dues for 8 months.

 

The employees have also informed the Directorate General of Civil Aviation (DGCA) of their plans which also include seeking the President and the Prime Minister’s intervention. The decision was after a meeting of the Kingfisher employees. The staffers have also decided to ask Kingfisher to sell its assets and clear salary dues. 

 

Kingfisher, whose flying license expired on December 31, 2012, had suffered a blow with the Mumbai Airport giving away 6 out of its 11 flying slots. Its bankers have also decided to take legal action against it for its failure to repay over Rs 7,000 crore debt despite repeated reminders. Kingfisher is burdened with a loss of Rs 8,000 crore and a debt of over Rs 7,524 crore.



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