• Advanced Search
  • Advanced Search
If you would like to discuss your travel plans in more details Request a quote

Your Ultimate travel Destination!

 Your Ultimate %KEY% Destination!

Exclusive travel deals, direct to your inbox.

 
 
   

Air Ticket Deals

Los Angeles Sydney $1392 round trip
New York London $905 round trip
Chicago Mumbai $844 round trip
Washington Beirut $741 round trip
San Francisco Manila $890 round trip
New York London $2341 round trip
Los Angeles Tokyo $3090 round trip
New York Mumbai $3026 round trip
Newark Madrid $3324 round trip
Los Angeles Shanghai $3777 round trip
Last Updated On: 10/25/2012

KIngfisher Airlines Strike Ends

The 25-day-long strike by Kingfisher Airlines' employees over non-paymet of salaries ended Thursday, October 25.

Kingfisher Airlines said all of its employees had agreed to report for work immediately.

The agreement between Kingfisher and its staff requires the airline to pay the long overdue salaries on a staggered basis.

Media reports from India say Kingfisher agreed to pay March salaries immediately, April salaries by October 31, May salaries by the Diwali festival on November 13 and June salaries between December 20-December 31. Salaries after that are to be paid monthly.

The two sides agreed to tackle the issue of salaries for July-September "after the company regains financial health and gets recapitalised."

No Flights Soon

But Kingfisher's planes will not be taking to the air any time soon since its license has been suspended.

The airline must present a resumption plan to India's Director General of Civil Aviation and get it approved before flights can resume.

It's unlikely the airline will fly for at least a couple of weeks.

Since its inception in 2005, Kingfisher Airlines has not made a profit.

The airline is struggling with a crushing debt load of $2.5 billion.

Comments

Comments RSS Feed Subscribe to our Comments RSS Feed
Comment Us!
The text to enter in the texbox below is: n9V2k4
 
Your Comment: