With its flight schedules being hit due to agitation by pilots and other staff to protest delays in salary, Kingfisher chief Vijay Mallya today 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," Mallya told reporters in Parliament House.
To questions on the severe financial crisis Kingfisher was facing, he said, "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."
Terming the flight disruptions as "planned cancellations", he said, "We do not want to inconvenience 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% of its planned schedule yesterday, Kingfisher officials had earlier 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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
