A section of financially-battered Kingfisher Airlines staff on March 1, 2012 boycotted work at the Indira Gandhi International Airport in New Delhi in order to protest the alleged non-payment of salaries since November 2011, but flights were not affected. The employees, mainly technicians, began boycotting work late last night alleging they had not been paid salaries for the past four months, as the airline's Aircraft Maintenance Engineers took over the entire operations which ensured maintenance of its flight schedules, airport sources said.
Confirming that some of the technicians had boycotted work, an airline official said, "The matter has been sorted out and they have returned to work from 12 noon today and no flights have been affected due to this."
According to a PTI report, The Vijay Mallya-owned airline has a total debt of about Rs 7,057 crore and accumulated losses of about Rs 6,000 crore. The airline has not paid salary to its employees since November 2011 and Sanjay Aggarwal, CEO, Kingfisher Airlines had promised the Directorate General of Civil Aviation (DGCA) that the due salaries of November 2011 and December 2011 would be paid by end-February 2012 and all dues would be cleared by end-March 2011.
The technicians perform routine and scheduled maintenance on aircraft engines, air conditioning systems, brakes, cockpit instruments, valves and other components. Apart from replacing worn-out or defective parts and rebuilding engines, they also maintain service records and perform aircraft inspections.
Kingfisher Airlines is reportedly in talks with two foreign carriers including International Airlines Group (IAG), the owner of British Airways and Iberia, for a potential rescue package. State Bank of India (SBI), the lead lender to Kingfisher Airlines, said it would not consider any fresh loans for the debt-laden carrier until it raises new equity itself.
Confirming that some of the technicians had boycotted work, an airline official said, "The matter has been sorted out and they have returned to work from 12 noon today and no flights have been affected due to this."
According to a PTI report, The Vijay Mallya-owned airline has a total debt of about Rs 7,057 crore and accumulated losses of about Rs 6,000 crore. The airline has not paid salary to its employees since November 2011 and Sanjay Aggarwal, CEO, Kingfisher Airlines had promised the Directorate General of Civil Aviation (DGCA) that the due salaries of November 2011 and December 2011 would be paid by end-February 2012 and all dues would be cleared by end-March 2011.
The technicians perform routine and scheduled maintenance on aircraft engines, air conditioning systems, brakes, cockpit instruments, valves and other components. Apart from replacing worn-out or defective parts and rebuilding engines, they also maintain service records and perform aircraft inspections.
Kingfisher Airlines is reportedly in talks with two foreign carriers including International Airlines Group (IAG), the owner of British Airways and Iberia, for a potential rescue package. State Bank of India (SBI), the lead lender to Kingfisher Airlines, said it would not consider any fresh loans for the debt-laden carrier until it raises new equity itself.
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