Mumbai: Kingfisher Airlines tumbled nearly 5 per cent to Rs 15.35 after it cancelled several flights due to pilots and engineers not reporting to work due to non payment of salaries. The airline in a statement said that it is taking all possible measures to lessen the impact of the employee strike.
The airline further said it would proactively cancel flights on Monday as it feared a number of its employees were unlikely to report for work due to threats from other workers. "A section of employees of KFA has not been reporting for work over the last fortnight and over the past two days, they have been threatening and even manhandling the other employees who are reporting for work," said Prakash Mirpuri, a Kingfisher spokesman.
KFA, owned by liqour baron Vijay Mallya is saddled with around Rs 7,000 crore debts and has grounded most of its fleet since a year. The airline has said that it is looking at strategic investors for equity infusion into the airline. But as of now, there is no development on that front.
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