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Updated: March 13, 2012 16:31 IST

Disruption in flight schedules being sorted out: Mallya

PTI
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Vijay Mallya, Chairman, Kingfisher Airlines. Photo: PTI
Vijay Mallya, Chairman, Kingfisher Airlines. Photo: PTI

With its flight schedules being hit due to agitation by pilots and other staff to protest delays in salary, Kingfisher Airlines Chairman Vijay Mallya on Tuesday said the airline had spoken to the pilots and the matter was being sorted out.

“We spoke to our pilots. We are sorting it out,” Mr. Mallya told reporters in Parliament House.

“We are facing a serious handicap as our accounts are frozen. We are not asking for bailout from the government but hope for help from banking sector to de-freeze our accounts,” he said.

Terming the flight disruptions as “planned cancellations”, he said, “We do not want inconvenience to our guests.”

The airline had yesterday cancelled around 40 flights across its domestic network and clubbed several others as several pilots and other staffers did not join duty to protest delays in payment of salary.

Maintaining that Kingfisher had flown 80 per cent of its planned schedule yesterday, Kingfisher officials said, “This situation has arisen as a consequence of our bank accounts having been frozen by the tax authorities. We are making all possible efforts to remedy this temporary situation.”

They had said, “The flight loads have reduced because of our limited distribution ability caused by IATA suspension. We are, therefore, combining some of our flights.”

In February, Kingfisher had filed a new schedule to the regulator Director General of Civil Aviation, reducing the number of daily flights by almost two-thirds to 175 with the help of 28 aircraft, down from about 460 flights a day with 64 planes.

It has accumulated losses of Rs. 6,400 crore and piled up debts of Rs. 7,000 crore due to high fuel costs.

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If Kingfisher need to survive,it needs to reform back to basic,where
stricter authority is needed for its day to day operations and viable
auditing is required to make it profitable.

from:  Satendra Kumar
Posted on: Mar 14, 2012 at 16:52 IST

This guy has invested heavily, to use the Hindu's own words, "pumped"
millions into his Force India. he still maintains an IPL team. If he can
do that, he can surely be expected to maintain the finances of his
airline.

from:  Aritra Gupta
Posted on: Mar 14, 2012 at 04:01 IST

The load factor is down. Aircraft utilisation is less. Employee motivation is at all time low. With this load factor, they cannot afford to raise prices. 'Geusts' are turning away from kingfisher. It will require a brave organisation with clear ideas and with a lot of cash to turn around kingfisher's fortunes in the very near future. With EUETS and uncertain global economy, will any international airline take a chance with KF, even if government agrees to let overseas carriers to invest in Indian airlines?
At the moment, it looks like it is only a matter of time before they close shop.

from:  gopal
Posted on: Mar 13, 2012 at 17:31 IST

"We are not asking for bailout from the government but hope for help from banking sector to de-freeze our accounts"
How is Govt different from PSU Banks, it essentially public money, Mr Mallya continuous to amaze me with such remarks, would it be too late for Banks/Govt to put the wellbeing of general public (and their savings) in front rather than one lavish airline?.

from:  Gowthaman
Posted on: Mar 13, 2012 at 17:04 IST
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