India's Kingfisher to begin again after crippling strike
AFPNEW DELHI -- India's struggling Kingfisher Airlines said late Saturday its services would return to normal after a strike by employees over long overdue pay forced cancellation of more than three dozen flights.
July 16, 2012, 12:09 am TWN
The announcement came after the airline's owner Vijay Mallya told workers in an open letter that “damaging the future of Kingfisher in the public's eyes is not going to produce cash” to pay wages and keep the carrier aloft.
The walkout, the third in under two weeks, came after the airline — which owes vast sums to banks, suppliers and staff — won more time from lenders this month to come up with a recovery plan to avert bankruptcy.
The strike made efforts to revive the airline “more difficult by causing concern and apprehension among potential investors,” said the tycoon, who also heads the profitable United Breweries (UB) Group.