Kingfisher suspends flights to many cities, asks staff to stay home
Kingfisher Airlines Tuesday suspended operations to several cities as per a new holding plan and asked the staff to stay home till the time it manages fresh funding.
“We are in a ‘holding’ pattern right now and are waiting for various decisions from the government and our Consortium of Bankers on FDI (foreign direct investment) policy, working capital funding, etc.
“All of these will have a major impact on the staffing decisions we will have to make,” Kingfisher said in a statement, responding to speculations that the airline was going to lay off a large number of its staff.