For Quick Alerts
For Daily Alerts

    Kingfisher extends lockout until October 23

    Kingfisher extends lockout until October 23
    Kingfisher Airlines: Quotes, News
    BSE 1.3600000143051147BSE Quote0 (0.00%)
    NSE 1.2999999523162842NSE Quote0 (0.00%)
    Cash-strapped Kingfisher Airlines On Friday replied to DGCA show cause notice of October 5, where they had asked why the airlines permit should not be cancelled.

    Recently, the civil aviation regulator rejected the winter schedules of passenger carrier's for flight departures.

    "We have extended the partial lockout until October 23, 2012. We had a positive meeting with employee representatives on October 17th and are hopeful of reaching common ground when we meet again next week. Currently, we anticipate resuming operations on November 06th, subject to our resumption plan being reviewed and approved by the DGCA," Kingfisher informed in the notification.

    Reacting to the airline's reply, official sources said the Directorate General of Civil Aviation (DGCA) was consulting legal experts on what action - suspension or cancellation of flying licence - could be taken against Kingfisher for failing to resolve the 21-day impasse with its employees over non-payment of seven-month salary dues and resuming operations, reports PTI.

    The shares of the company on Friday closed lower by 4.58% at Rs 11.45 on BSE

    Read more about: kingfisher
    Story first published: Saturday, October 20, 2012, 10:36 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more