KFA staff may move HC over salary dues
ENS Economic Bureau: New Delhi, Feb 14 2013, 01:12 IST
Apart from the banks, the airline also owes money to airports, fuel suppliers and its staff. Even with no operations, the airline posted a net loss of Rs 755 crore in the third quarter of the current fiscal.
Meanwhile, the government has clarified the government cannot do much in the case of Kingfisher. “Unless the Directorate General of Civil Aviation is satisfied that the airline can provide safe and viable service there is no question of renewing the licence. What the airline does with the banks is between them,” said civil aviation minister Ajit Singh. Shares of the carrier tanked 4.94 per cent to close at Rs 10.58 at the BSE on Wednesday.
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