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Kingfisher Airlines crisis: Vijay Mallya writes to employees on revival plan

Kingfisher Airlines Chairman Vijay Mallya has written to his employees, saying the management is making every effort to restart operations of the cash-strapped airline.

BT Online Bureau   Mumbai     Last Updated: January 10, 2013  | 00:00 IST

Kingfisher Airlines Chairman Vijay Mallya has written to his employees, saying the management is making every effort to restart operations of the ailing carrier. This, a day after the staff threatened to move court for closure of the company.

Appealing the employees to be "careful" in their interaction with media, Mallya alleged in the letter that the media has continued their negative reporting on the cashs-trapped airline.

The employees of the grounded Kingfisher Airlines, who have not been paid for eight months now, had on Wednesday threatened to file a winding up petition in the court under the Company's Act, if the management did not share its revival plan with them.

"We have submitted a detailed restart plan to the DGCA which is in two parts. The first part deals with a limited re-start utilising 7 aircraft ramping up to 21 aircraft in 4 months. The second part is a full scale rehabilitation of our airline growing to 57 aircraft within 12 months of recapitalisation," Mallya informed his employees in the letter.

The letter, however, did not mention anything about the payment schedule of dues of the employees, but it said that "both plans contain detailed information on key assumptions and funding requirements, including payment of outstanding salaries to employees."

The airline has not paid to its employees since May last year.

With inputs from PTI

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