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Kingfisher Airlines Ltd has extended its partial lockout by eight more days unti 12 October, as talks between the management and employees failed over non-payment of salaries, according to reports.
The airline reported that its planes would take to the air again on October 5.
The striking pilots are planning to move the labour court against the airline for failing to pay their backlog, reports said.
Bharat Raghavan, the company secretary of Kingfisher and a key member of the top management, also resigned with effect from September 30.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.