Thursday 20 June 2013

SBI opposes licence for proposed airline of Capt Gopinath

Indian airline staff go on indefinite HUNGER strike over a year's unpaid wages
Daily Mail
70 employees at Kingfisher Airlines, which was grounded in October 2012 because of financial problems, are protesting outside the company's headquarters in Mumbai, according to Bloomberg News. Staff have not been paid since August 2012, and are said ...
See all stories on this topic »
No Money to Pay Salaries, Says Mallya Kingfisher Strike Ends
Siliconindia.com
Mumbai: Kingfisher Airlines chairman Vijay Mallya told his agitating employees, who called off their strike this evening, he did not have money to clear their salary dues. “I don't have the money to pay your salary dues because I cannot use the ...
See all stories on this topic »
SBI opposes licence for proposed airline of Capt Gopinath
TravelBizMonitor
Gopinath, who sold his low-cost carrier Air Deccan to Vijay Mallya promoted Kingfisher Airlines in 2007, applied for a licence to start another airline in 2012. The other lenders include Axis Bank and Syndicate Bank. These banks have already initiated ...
See all stories on this topic »

Kingfisher Airlines' employees call off strike; no word on salaries from management


The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off this evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears.

The agitation was called off after the second round of meeting between the employees and airline CEO Sanjay Agarwal, sources said.

Earlier in the day, Mallya reportedly told the agitating employees, who were on a hunger strike since yesterday, that he did not have money to pay them.

"I don't have the money to pay your salary dues, because I cannot use the proceeds from the United Spirits-Diageo deal for this because of injunction from the Karnataka High Court," Mallya reportedly told the striking employees.

CEO Agarwal refused to talk to the reporters this evening at the Kingfisher House here.

But employees called off the agitation as management agreed to continue to have dialogue with them, sources said.

Salaries have not been paid since last August. Last November, Mallya clinched a deal with British liquor major Diageo to sell majority 53.4 per cent stake in United Spirits for Rs 11,166 crore.

The deal also involves Mallya selling 19.3 per cent of his personal/promoter holding in United Spirits to Diageo for Rs 5,742 crore.

Kingfisher Airlines, which never made profit since inception in May 2005, has remained grounded from October last and the regulator DGCA also cancelled its flying licence in December.


Vijay Mallya|United Spirits-Diageo deal|United Spirits|Sanjay Agarwal|Kingfisher Airlines Ltd.|Kingfisher Airlines|diageo

Kingfisher Airlines' employees call off strike; no word on salaries from ...
Economic Times
MUMBAI: The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off this evening though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears. The agitation was called off after the second ...
See all stories on this topic »
Kingfisher Airlines' staff goes on hunger strike over non-payment of salaries
Business Today
Kingfisher Airlines has made the news again as a section of its employees went on a hunger strike on Thursday, demanding immediate payment of salaries pending since last August. The airline has been grounded since October 2012 and lost its licence in ...
See all stories on this topic »
Vijay Mallya tells striking Kingfisher Airlines staff he has no money to pay them
Daily News & Analysis
Kingfisher Airlines chairman Vijay Mallya on Friday told his agitating employees, who began a hunger strike, that he did not have money to clear their salary dues. "I don't have the money to pay your salary dues, because I cannot use the proceeds from ...
See all stories on this topic »
Kingfisher Airlines staff call off strike; no word on salaries | Malaysia Sun
Malaysia Sun
NDTV Friday 7th June, 2013. : The employees of the grounded Kingfisher Airlines, who were on a hunger strike, called it off late on Friday though airline chairman Vijay Mallya reportedly expressed inability to pay salary arrears. Read more. Share this ...
See all stories on this topic »
Kingfisher staff protest: Mallya says he can't pay
The Hindu
A protest by a section of Kingfisher Airlines' staff fizzled out on Friday after Chairman Vijay Mallya told a delegation of employees that he could not pay them. About 60 employees have been camped outside Kingfisher House since Wednesday, demanding ...
See all stories on this topic »
I don't have money to pay you, Mallya to KFA staff
Hindustan Times
Liquor baron Vijay Mallya on Friday told representatives of his grounded Kingfisher Airlines, who have been sitting on a protest in Mumbai, that he did not have the money to clear their salary backlog. In related development, the Airport Authority of ...
See all stories on this topic »
I don't have money to pay your salaries: Vijay Mallya to Kingfisher unpaid ...
Daily Bhaskar
New Delhi: A day after a section of the employees of crisis-ridden Kingfisher Airlines sat on a hunger strike in Mumbai, the airline's Chairman Vijay Mallya on Friday said he has no money to pay their salaries. Mallya made this candid revelation about ...
See all stories on this topic »