Mallya surprises staff with salary as CEO meets DGCA
Cash-strapped Kingfisher Airlines on Tuesday has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal, sources said. Some of us have received salary dues. Those in the lowest package as well as some engineers and pilots have also a months salary dues, sources said. It has not been paying salary to its employees since May last year, while it had started delaying salaries much before the crisis broke out last October. Sources also said CEO Sanjay Aggarwal is in the capital to meet the Directorate General of Civil Aviation to make a fresh request to resume operations. However, both the developments could not be officially confirmed. Earlier in the day, Kingfisher share rose as much as 5% on the BSE, the maximum permissible limit on a day, after one of its promoters, United Breweries Holdings, hiked its loan limit for the ailing carrier to R750 crore from Rs 300 crore.