Beleagured Kingfisher Airlines chairman and managing director Vijay Mallya on Monday assured the employees that their salary for a couple of months will be disbursed from this week after tax authorities defreezed the airline’s bank accounts.
Kingfisher’s bank accounts were frozen by the tax authorities in February, which restricted the carrier’s ability to make salary and other payments to ensure smooth running of its daily operations, resulting in the grounding of several flights.
The bank accounts were unfrozen yesterday after the airline paid a total of Rs 64 crore to various tax authorities before March 31, Mallya said in a letter to employees.
Effectively, the airline’s junior staff will be paid on April 4, while all pilots and engineers will be paid on April 9 and 10, he told employees.
“My only focus now is to start paying your seriously overdue salaries,” he added.
Mallya is under pressure from his airline’s lenders to inject equity into Kingfisher Airlines, which has slashed its flight schedule and grounded most of its fleet.
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