Ailing Kingfisher Airlines has started paying the due salaries of its employees, despite the fact that its lenders have begun to recover its dues from last week. Apart from that, the airline is also approaching aviation authorities to seek the renewal of its license.
Sources from the airline have said that some of them have received their salary dues. These people include those with the lowest package and also some engineers and pilots. The airline has been in trouble and has not been paying its employees their salaries since the month of May 2012.
The airline had started delaying the salaries of its employees some time before it went into crisis. Some sources have revealed that the Chief Executive of the airline, Sanjay Agarwal, is in Delhi to meet the Directorate General of Civil Aviation to make a fresh request to resume operations. The airline has stopped its operations since the month of October 2012, after some unrest was reported among its employees.
Earlier in the day, the shares of Kingfisher rose as much as 5% on the BSE after one of its promoters, Unite Breweries Holdings, had hiked its loan limit for the ailing carrier to Rs. 750 crore from Rs. 300 crore.