Kingfisher Airlines...you're grounded. (Photo credit: Wikipedia) Vijay Mallya has had it. The multi-billionaire's ailing Kingfisher Airlines has been in the middle of a nasty labor dispute all year. It can barely get enough money from creditors to pay its pilots, let alone pay the engineers who maintain the Airbusses that have been [...]
Forbes billionaire Vijay Mallya seems to be silently watching his beloved Kingfisher Airlines erode into dust. Once a top three airline in India with double digit market share of more than 15 percent, striking pilots, layoffs and grounded fights has Kingfisher tied for dead last among the major carriers with [...]
GROUNDED: India's Kingfisher Airlines has extended its shutdown and won't fly any planes for another week unless it can convince pilots and engineers who haven't been paid for months to return to work.
New Delhi (Reuters) - India's Kingfisher Airlines Ltd said it was cancelling several flights on Monday due to employee unrest, in a fresh blow to the ailing carrier and sending its shares down by their daily limit of 5 percent. The airline was cancelling flights on Monday because it feared a number of its employees were unlikely to report for work due to threats from other workers, said Kingfisher, which is owned by billionaire Vijay Mallya. ...
India's struggling Kingfisher Airlines cancelled more than three dozen flights on Saturday when frustrated pilots and other employees walked off the job to protest about long-overdue pay.The strike brought stiff words from Kingfisher owner Vijay Mallya who told workers "damaging the future of Kingfisher in the public eyes is not going to produce cash" to pay wages and keep the airline aloft.