News Top Night

Amid controversial financial threat over the debt beleaguered Kingfisher Airlines, the management ready to hold a meeting with employee representatives on Monday in Mumbai.

KFA is on a lockout till October 20, following this deadlock over non-payment of salary dues, the management CEO Sanjay Aggarwal sent a calling letter for meeting to come out a negotiate solution over the current situation, source said.

Airline which is under the financial pressure, failing to make full payment to its agitators employees who have on a strike demanding payment of dues for seven months after that the work will resume.

Report said that after continue cancellation of flights and extension of the lockout, finally Oct 20 would be the day of KFA complete death as all flights operation would be shut down.

The aviation regulator DGCA which has issued a show-cause notice to KFA Chairman Vijay Mallya to respond within 15 days why not its flying license should be suspended as it had failed to operate its flight and make effective and safe staff service.

Meanwhile, Monday would be a difficult day for Rs. 7,000 crore debts burdened Kingfisher airline which will decide its relief breathing time period for further accessing or ground it badly.