india\s kingfisher scraps flights as workers strike
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

India\'s Kingfisher scraps flights as workers strike

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice India\'s Kingfisher scraps flights as workers strike

New Delhi - AFP

India\'s struggling Kingfisher Airlines cancelled more than three dozen flights on Saturday when frustrated pilots and other workers walked off the job to protest about long-overdue pay. \"Kingfisher Airlines regrets to announce certain flights across its network are cancelled\" after employees went on strike, said the firm, which is under pressure from lenders to come up with a turnaround plan to avert bankruptcy. The airline -- controlled by flamboyant liquor baron Vijay Mallya -- said the workers stayed home \"due to salary payments not being credited to the bank accounts of all employees\". \"We\'re doing everything we can to get the situation back to normal,\" a spokesman for the airline told AFP. He said some 40 domestic flights had been cancelled but did not disclose the number of workers who were off the job. The walkout marked the third time in 12 days that employees have gone on strike to protest the airline\'s failure to pay salaries due for the past five months. \"More than 75 percent of employees have actually received their promised salaries on Friday,\" the spokesman said. \"We have further promised the balance of our employees will receive their salaries by Monday,\" he added. Kingfisher, which is carrying a debt of $1.4 billion, is flying about 15 aircraft instead of an earlier 64 planes as it battles to contain costs. It has stopped international operations and now has the smallest market share among Indian airlines at just 5.4 percent after being the country\'s second-largest airline. In May, the airline reported a tripling of its quarterly loss to 11.52 billion rupees ($210 million) from 3.56 billion rupees loss a year earlier. The carrier has never turned a profit since its launch in 2005. Mallya, known as the \"King of Good Times\" for his high-living lifestyle, has been lobbying hard to push the Indian government to allow foreign carriers to buy stakes in domestic airlines. Foreign direct investment in aviation is seen as a lifeline to companies such as Kingfisher, which analysts believe needs up to $600 million to survive. India\'s airline industry was once a symbol of the country\'s economic progress but now most of its airlines are struggling due to high fuel costs, fierce competition and inadequate airport infrastructure. The problems of Kingfisher are reckoned to be the worst, partly due to overly rapid expansion. Debt-laden state-run carrier Air India is also struggling badly.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s kingfisher scraps flights as workers strike india\s kingfisher scraps flights as workers strike

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india\s kingfisher scraps flights as workers strike india\s kingfisher scraps flights as workers strike

 



GMT 10:21 2016 Wednesday ,23 March

cartoon eleven

GMT 10:18 2016 Wednesday ,23 March

cartoon eight

GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 09:58 2016 Wednesday ,23 March

cartoon four

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 18:27 2017 Sunday ,05 March

12 dead, dozens injured in Senegal road crash

GMT 07:54 2017 Monday ,04 September

BRICS leaders meet in shadow of North Korea test

GMT 10:47 2016 Saturday ,03 December

'Mission accomplished' for emotional

GMT 21:34 2018 Wednesday ,10 January

Cycling, weightlifting team successes noted

GMT 20:45 2016 Monday ,16 May

1st Saudi animation movie screened at Cannes

GMT 02:07 2016 Tuesday ,03 May

Rio 2016 torch to begin 95-day Brazil relay

GMT 12:44 2011 Thursday ,15 September

Unfurling a life of creative exuberance

GMT 14:58 2016 Monday ,31 October

Warmup begins for ‘Great US Rate Hike’ of 2016
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice