Mallya assures rewards for committed employees, says has funds for salaries

Written by fe Bureau | New Delhi | Updated: Feb 28 2012, 08:38am hrs
In a letter to Kingfisher Airlines employees on Sunday, liquor-baron Vijay Mallya said that funds for paying the salaries have been organised, but he did not disclose when the salaries will be paid. In the letter he also said that employees who stay committed to the debt-crippled carrier would be rewarded.

I have organised funding so that we can pay your seriously overdue salaries which is a source of great personal sorrow to me, Mallya said.

We are currently handicapped as our bank accounts are frozen by the tax authorities. I have been working tirelessly to resolve the issue through negotiation, he added.

The airlines bank accounts have been frozen since February 18 as the airline failed to deposit R422 crore of tax deducted from salaries in the last two months. It failed to meet the commitment of R15 crore for its employees' provident fund. He admitted that the airlines wings had been clipped, but said, We were the biggest and the best. We may not be the biggest but we remain the best for our guests.