Manila Bulletin
October 6, 2012
NEW DELHI (AFP) - India's cash-strapped Kingfisher Airlines will remain grounded for another week after employees who have not been paid for the last seven months refused to go back to work, the company said.
All Kingfisher flights have been cancelled since Monday as the airline tries to persuade employees to go back to work, but talks to resolve the crisis ended without making any headway on Thursday.
Kingfisher spokesman Prakash Mirpuri voiced "regret' that the staff had refused to return to work, "thereby continuing cripple and paralyze the working of the entire airline".
The airline was extending what it called a "partial lock-out" to October 12, Mirpuri added in a statement released late on Thursday.
A new report by the Centre for Asia Pacific Aviation, a leading aviation consultancy, has cast doubt on the management's efforts to turn the company around, saying Kingfisher's debts now totalled $2.49 billion.
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