Indian carrier Kingfisher Airlines, which is already cash strapped is once again in trouble. The pilots of the airlines, have once again decided to strike indefinitely from August 29, 2012.
The strike has led to the cancellation of four flights from Mumbai and one from Delhi. The pilots have called for the strike due to the non-payment of salaries. Sources from the airline said that the pilots have decided to strike as the management failed to keep its commitment on the March salary payment.
The strike is also likely to affect the private airline flight schedule in a big way. Kingfisher is facing a severe fund crush and has not paid the salaries to most of the employees including engineers and pilots since the month of March.
The airline earlier this month was forced to cancel 19 flights as the carrier pilots and engineers stayed away from work. Kingfisher Airlines was founded in the year 2005 and since then it has never reported a profit. The airline has since then faced a downward trend with $1.4 billion in debt but still has hopes to raise funds. For now the airline needs at least $500 million to keep operating. The airline is also hoping that a government proposal to let the foreign carriers take a maximum stake in the domestic airline will be made law.
