KINGFISHER AIRLINES EXTENDS LOCKOUT FOR ANOTHER WEEK
Image : New India Express.
New Delhi / Mumbai : Debt-ridden Kingfisher Airlines hurtled towards a dead-end Friday, grounding its fleet for another week days after the aviation regulator sent a show cause notice to the management.
The airline said that it was extending the lockout till Oct 20. The lockout was declared Oct 1 after negotiations with striking employees failed amid reports that the airline was unable to pay full salaries to employees since its lenders had refused fresh funding.
"The partial lockout declared as a result of employee related issues is being extended until Oct 20. At this time, the airline is hopeful of resuming operations starting October 21," Prakash Mirpuri, vice president, corporate communications, Kingfisher Airlines said in a statement.
13/10/2012 : The Times Of India.
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