Kingfisher Getting Tight

Blue Punto

"We have not been paid for July. The management said it does not have the money, and has not given any date for the payment," said a Kingfisher Airlines executive requesting anonymity.
An airline spokesperson did not respond to phone calls but in a text message said: "Due to the bank strike last week, the salaries could not be processed. This has since been done."
The salaries hadn't come till the report was being filed.
For the last one year, employees have been crediting their salaries on the 7th of every month. Earlier, the company used to pay on the 31st. The airline has a staff strength of 6,000 and spends Rs 58 crore on salaries a month. According to the first quarter financial results, it has Rs 173.66 crore under the employees cost head, which has increased from Rs 163.40 crore during the same quarter last year.
The executive said the airline had not paid the lease rental for three of its aircraft and the leasing company had asked the airline to return these.
"The airline has paid to the leasing company and that is why we have not been paid," said the executive. The type of the aircraft, however, could not be confirmed.

Kingfisher operates with a fleet of 66 aircraft -- three Airbus 319, 23 Airbus 320, eight Airbus 321, five Airbus 330 and the rest are ATRs. It also has over 100 aircraft on order, including five Airbus 380.

Ald

I flew with these at the start of July. The flight was delayed by a few hours. When we eventually got onboard the pilots were honest and said that it was due to lack of crew... Had good loads in both directions on the ATR...

jesus_thats_gre

Flew with them out of Delhi 4 weeks ago - were delayed for 30 mins due to "complications" with the local authority.

Flying with them again on Friday so that will be interesting