However, resumption of Kingfisher's flight operations may take at least 3-4 weeks as the airline would have to get the suspension of its flying license revoked by the DGCA which also has to satisfy itself on safety issues as well as the viability of their financial and operational plans.
After separate rounds of meetings with agitating pilots and engineers here, the airline management agreed to pay the March salary within 24 hours, the April salary by October 31, May dues before Diwali in mid-November and June salary by December end.
The striking employees had earlier stepped up the heat demanding an immediate settlement while threatening to take their protest to the the upcoming Formula One Grand Prix in which airline promoter Vijay Mallya is involved.
Soon after the agreement with the employees was arrived at, Mallya said in a tweet: "All Kingfisher Team members back at work and fully supportive. I sincerely thank all of them for their faith and continuing commitment."
Asked whether the 25-day lockout has been lifted, an airline spokesperson said, "yes, with immediate effect."
Later in a statement, he said Kingfisher "is pleased to announce that all of its employees have agreed to resume work and report for duty immediately. All employees are now eagerly looking forward to working together in order to re-starting operations very soon.
"We will now finalize and present our resumption plan to the DGCA and hope to get their concurrence soon."
Under the agreement, the management, which was earlier offering only three month salary dues, climbed down to accept the workers' demand for payment of four out of seven months' dues by December end.
The salary dues from July to September would be paid by March next year after recapitalisation of the airline, an engineers' representative said, adding that CEO Sanjay Aggarwal had also said that recapitalisation of the beleaguered carrier "will be done in 5-6 months." (more)
