Bloomberg News

Kingfisher Asks Pilots to Keep Working, Pledges to Pay Salaries

March 04, 2012

Kingfisher Airlines Ltd. (KAIR), the Bangalore-based carrier struggling with losses and a cash shortage, asked pilots not to walk off the job and pledged to pay salaries as soon as possible.

Chief Executive Officer Sanjay Aggarwal met with pilots to “appeal to them not to stay away from flying duties,” the airline said in an e-mailed statement today.

Kingfisher is also cooperating with tax authorities to lift a freeze on its accounts so that it can pay wages, according to the statement. The tax department froze 40 Kingfisher bank accounts after it failed to pay 400 million rupees ($8 million) it owed by a Feb. 29 deadline, the Press Trust of India reported yesterday, citing Service Tax Commissioner S.K. Solanki.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Neil Denslow at ndenslow@bloomberg.net


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