Never elusive, played active part in wage deal: Mallya

Asserts on sidelines of Indian Grand Prix that Kingfisher staff are back at work due to his involvement

Image
Press Trust of India Greater Noida
Last Updated : Jan 25 2013 | 5:33 AM IST

Kingfisher Airlines Chairman Vijay Mallya today said he was never out of reach of his striking employees during the 26-day impasse over non-payment of salaries since March this year and had played an active part in the wage settlement.

"We are here to enjoy Formula One, so let's enjoy it. But I have always been available and whatever settlement has been reached (between the airline management and the employees) it's because of my participation," Mallya told reporters at the Buddh International Circuit (BIC) here on the sidelines of tomorrow's Indian Grand Prix.

Later in a tweet, he said, "At the BIC FI circuit. Sahara Force India qualifying prospects are secondary. Even sports journos focus only on Kingfisher".

The employees of the airline, who were on strike since September 29, agreed to resume work on the management's promise to clear three months dues before Diwali.

To add to the beleaguered airline's woes, the DGCA also suspended its flying permit because of abrupt cancellations and non-adherence to schedule. It also asked the airline to submit a revival plan and clear salary dues.

During the entire impasse, Mallya did not come in the forefront and the negotiations were carried out by top officials of the airline and the UB Group, leading employees to demand his presence.

The agitators had even threatened to stage protest at the BIC where his Formula One team, Sahara Force India, will be competing in Sunday's second Indian GP.

"If they wanted to say something to me they could have come to my house. What is the point of coming here? There is no question of any disturbance or protest," Mallya, who is also the team principal of Sahara Force India, said.

Often referred to as 'King of Good Times', Mallya also has slipped out of the billionaire league in the Forbes rich list, largely due to his cash-strapped aviation business whose net worth went below the USD one billion mark.

Kingfisher is saddled with a loss of Rs 8,000 crore and a debt burden of another over Rs 7,524 crore, a large part of which has not been serviced for several months.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 27 2012 | 4:48 PM IST

Next Story