Friday 5 October 2012

Future of Kingfisher Airlines would Crisis fallout soon ?

Kingfisher Airlines has been grounded as all 270 of the debt-ridden company's AME engineers have been on strike since Sunday protesting against non-payment of salaries since last 6 - 8 Months.

The company announced a partial lockdown on Monday and has flown no flight since then. The lockdown has already been extended till October 12, since without engineers signing off on each flight for safety, the airline can't put any aircraft in the air.

Now The wife of an AME employee of the troubled Kingfisher Airlines committed suicide around 1:30 this afternoon. Which is just a starting of a Big blast if
not control on time.

Following the news of Mrs Chakravarti's suicide, Kingfisher employees held candlelight vigils in Mumbai and Bangalore this evening.

Kingfisher chief in bid to resolve crisis
Financial Times
But even if the airline can persuade some of its staff to return to their duties, aviation industryanalysts are sceptical that India's civil aviation authorities would allow the airline to start flying again, given the perceived risk to passenger ...
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India's services sector grows at fastest pace in 7 months
Deccan Chronicle
India's services sector expanded at its fastest pace in seven months as a spurt in new business encouraged firms to hire more staff, a survey showed on Thursday, suggesting the worst of the economic slump may be over. The HSBC purchasing manager's ...
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Deccan Chronicle
Dubai glitters for rich Indians' weddings
CNN International (blog)
Another important factor is that the Indian aviation industry has been going through a serious crisis. Soaring fuel prices, extremely high taxes and rising operational costs have crippled major airlines like Air India and Kingfisher. Domestic flights ...
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