Mallya promises KFA recovery plan soon | india | Hindustan Times
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Mallya promises KFA recovery plan soon

Kingfisher Airlines (KFA) promoter Vijay Mallya has said his airline, that has been cancelling more than half of its scheduled flights for the last three days, would come up with a full recovery plan in the next few days.

india Updated: Mar 16, 2012 01:22 IST
HT Correspondent

Kingfisher Airlines (KFA) promoter Vijay Mallya has said his airline, that has been cancelling more than half of its scheduled flights for the last three days, would come up with a full recovery plan in the next few days.

Mallya met with pilots on Thursday to end a row over unpaid wages that has seen a majority of them refusing to fly as they haven’t been paid for over three months. He told reporters after the meeting that a foreign airline and two non-airline foreign investors were interested in buying stake in KFA.

“We were told that salaries weren’t being paid as bank accounts were sealed by the
I-T department. It was also made clear that anyone who wanted to leave was free to do so,” a pilot who attended the meeting said.

“I am leaving with a great sense of relief. We had a very productive meeting. I have an assurance from pilots that they will fly,” said Mallya.

KFA, which has been operating only about 100 flights a day past three days, is scaling down its international operations.

The International Air Transport Association (IATA) has suspended KFA from three platforms. “We had to suspend KFA from the travel agency clearing house. It is necessary to protect the whole system,” IATA Director General Tony Tyler said on Thursday.