After talks between the two sides in Mumbai which lasted over four hours, airline CEO Sanjay Aggarwal told reporters, "We had a fruitful discussion. We have given time to the employees to consider the proposal that we will clear three months' salary dues by Diwali (November 13)."
He also said that the lockout, which is till tomorrow, is being extended till normalcy is restored.
Aggarwal said the airline would "very shortly" submit a comprehensive and detailed revival plan to aviation regulator DGCA for its approval.
"It is a fair deal. But we will discuss it with all employees and get back to the management by Thursday," an engineer, who attended the parleys, told reporters.
The operations of Kingfisher have remained disrupted since September 30, first due to a strike by its engineers and pilots, then by the lockout declared by the management which was followed by suspension of its flying permit by DGCA.
Under the deal offered by the management, the salary dues of one month would be paid in 24 hours, another month's instalment in seven days and the third instalment before Diwali on November 13, airline sources said, adding that efforts would be made to clear fourth instalment by December.
Even if all employees resume duty, the airline would take about a month to launch its operations after getting all clearances from the regulator, the sources said.
They also said the management is likely to send out an e-mail to all staffers tonight or tomorrow promising to clear their dues gradually and appealing to them to return to work.
The employees, including pilots and engineers, have not been paid for the last seven months.
The agitating staff have already planned to hold demonstrations and other protest actions, especially during the upcoming Formula One motor race in which UB Group chief and Kingfisher promoter Vijay Mallya is involved. (More)
