Just paying the employees is not enough and Vijay Mallya-owned Kingfisher Airlines will not be allowed to fly again until it settles its outstanding dues with all stake holders, Civil Aviation Minister Ajit Singh declared.
The civil aviation minister said that the Director General of Civil Aviation (DGCA) had declared that all stakeholders needed to be satisfied before the carrier was allowed to fly again.
Speaking to reporters, Mr. Singh said, "Kingfisher needs to obtain statements from creditors, including banks, airport operators and employees that they do not object to resumption of flights."
The civil aviation minister's harsh comments about the grounded carrier came soon after Kingfisher Airlines' chief executive Sanjay Aggarwal held a meeting with Civil Aviation Secretary K. N. Srivastava to seek consent to recommence operations.
Mr. Singh also said that the domestic carrier has no concrete funding plan. The carrier is burdened under a heavy debt pile of more than 15,000 crore. It employees, including engineers and pilots, have not received salaries for more than eight months.
Separately, the Supreme Court on Tuesday deferred hearing on the carrier's plea seeking a stay on Karnataka High Court's directive asking the carrier to deposit nearly Rs 185 crore with the income tax (I-T) department as tax deducted at source from its employees' salaries.
- The Robot-Snake Charger Designed by Tesla Could Scare you Along with Charging your Car
- Food Industry Consolidations Might be What Activist Investors are Expecting
- BOJ Unchanged About Upbeat Economic Assessment In Spite of Contraction Expected in April- June Quarter
- Friday’s US Jobs Report for July Is Expected to Show Strong Gains
- MH370 Debris Wash Ashore to an Indian Ocean Island