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Kingfisher to resume salary payments

Source: Kingfisher

India’s Kingfisher Airlines will resume payment of staff salaries starting this week after tax authorities unfroze its bank accounts, the airline’s chairman and managing director, Vijay Mallya, said in a letter to employees.

India’s tax authorities froze kingfisher’s bank accounts in February which restricted the carrier’s ability to make salary and other payments to ensure its daily operations, resulting in the grounding of several flights.

The bank accounts were unfrozen on Sunday after the airline paid a total of INR640 million rupees (USD$12.6 million) to various tax authorities before March 31, Mallya said.

Read the full story on the AirWise website.