November 10th, 2011
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100 Kingfisher pilots tender resignation

kingfisherNew Delhi: Over 100 Kingfisher pilots have submitted their resignations, sources said on Thursday. It is reported that the reason behind the mass resignation is because employees are yet to get their salary for the month of October. The cash-strapped airline cancelled almost 80 flights saying it had to drop flights as the company were trying to reconfigure its aircraft.

Chaos followed after passengers complained that they were not intimated about the Kingfisher cancellations. Many inconvenienced passengers had to rebook themselves on other airlines paying a premium of up to 20 per cent. Aviation regulator Directorate General of Civil Aviation (DGCA) on Thursday issued a notice to Kingfisher under rule 140 (a) of the aircraft rules for not taking prior approval before cancelling flights.

Many Oil companies, like HPCL, IOC and BPCL, have put Kingfisher on cash-and-carry basis as the airline owes them almost Rs 200 crore in dues. Kingfisher has suffered a loss of Rs 1027 crore in 2010-11 and has a debt of over Rs 7057 crore.



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