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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]
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