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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.