Kingfisher Airlines employees plan hunger strike

Employees of grounded carrier Kingfisher Airlines Ltd have renewed demand for salary dues and served a hunger strike notice. As of March, there were 2,851 employees with the carrier which has been grounded since last October. A group of Mumbai employees had a few meetings with the management, but got no firm assurance.

The airline owes more than Rs 7,000 crore to a group of 17 banks, which were not serviced since January 2012. Some of the banks had filed winding up application with the Karnataka High Court over loan defaults.

Read the Financial Express news report here.