Companies & Sectors
Vijay Mallya writes to employees, lists out revival plan

Mallya urged the employees to be careful in their interaction with the media, alleging “negative reporting” by media on the carrier (Kingfisher Airlines)

Mumbai: With employees threatening to move court for closure of the company, Kingfisher Airlines chairman Vijay Mallya finally broke his silence through a letter to his employees saying the management is making every effort to restart operations, reports PTI.

 

At the same time, Mallya urged the employees to be careful in their interaction with the media, alleging “negative reporting” by media on the carrier.

 

The employees of the grounded Kingfisher Airlines, who have not been paid for eight months now, had threatened to file a winding up petition in the court under the Companies Act, if the management did not share its revival plan with them.

 

“We have submitted a detailed restart plan to the DGCA which is in two parts. The first part deals with a limited re-start utilising seven aircraft ramping up to 21 aircraft in four months. The second part is a full scale rehabilitation of our airline growing to 57 aircraft within 12 months of recapitalisation,” Mallya informed his employees in the letter.

 

The letter, however, did not mention anything about the payment schedule of dues of the employees, but it said that “both plans contain detailed information on key assumptions and funding requirements, including payment of outstanding salaries to employees.”

 

The airline has not paid to its employees since May last year.

 

Appealing the employees to be ‘careful’ in their interaction with media, Mallya alleged in the letter that the media has continued their negative reporting on Kingfisher.

 

Kingfisher management had promised the employees that their dues till June will be paid by December last year.

 

However, it failed to meet the deadline. The commitment to the employees had come following a two-month strike by its engineers and pilots over non-payment of dues.

 

Earlier Kingfisher had said that while the March salary would be paid within 24 hours, the April salary would be paid by 31st October, May dues before Diwali in mid-November and June salary by December end. The salary dues from July to September would be paid by March next year after recapitalisation of the airline.

 

Kingfisher, whose flying license (Scheduled Operator’s Permit), expired on 31st December last year, had last month submitted a revival plan to the regulator DGCA. The DGCA, however, did not accept it and asked to furnish additional details.

 

Kingfisher is burdened with a loss of Rs8,000 crore and a debt burden of another over Rs7,524 crore, a large part of that has not been serviced since January.

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CWG scam: Court to frame charges against Kalmadi and others on 4th Feb

 Special Central Bureau of Investigation (CBI) judge Ravinder Kaur deferred the framing of charges, saying she needs more time to go through the entire records of the case before passing any order

New Delhi: A Delhi court fixed 4th February for framing charges against sacked Commonwealth Games (CWG) Organising Committee chairman Suresh Kalmadi for allegedly cheating, conspiring and causing a loss of over Rs90 crore to the public exchequer in a Games-related graft case.

 

Special Central Bureau of Investigation (CBI) judge Ravinder Kaur deferred the framing of charges, saying she needs more time to go through the entire records of the case before passing any order.

 

The special judge has taken charge of this court on 2nd January after the earlier judge, who had ordered framing of charges, was transferred. The case was fixed for Thursday for formally framing of charges against all the accused.

 

The court had on 21 December 2012 passed the order on framing of charges under various provisions of the IPC and the Prevention of Corruption (PC) Act against Kalmadi and nine others, including former Organising Committee (OC) Secretary General Lalit Bhanot.

 

Besides cheating and conspiracy, the accused will also be charged with the offences of forgery under the Indian Penal Code (IPC) and criminal misconduct by public servants under the PC Act.

 

“Charges under section 120B (criminal conspiracy), read with 201 (destruction of evidence), 420 (cheating), 467, 468, 471 (relating to forgery), 506 (criminal intimidation) of the IPC and section 13(1) (d) read with section 13(2) (criminal misconduct by public servants) of the PC Act is ordered to be framed against all the accused,” the court had said.

 

The accused have been charge sheeted by the CBI for ‘illegally’ awarding a contract to install Timing, Scoring and Results (TSR) system for the 2010 CWG to Swiss Timing at inflated rates causing a loss of over Rs90 crore to the public exchequer.

 

Besides Kalmadi and Bhanot, the other accused in the case are OC's former director general V K Verma, former Director General (Procurement) Surjit Lal, former Joint Director General (Sports) A S V Prasad and former Treasurer M Jayachandran. They are no more associated with the sporting body.

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A look at how the hike in rail fares will pinch your pocket

A Sleeper Class ticket on a Mail or Express train between New Delhi and Thiruvananthapuram which used to cost Rs559 will cost Rs745 from midnight of 21st January

New Delhi: A passenger travelling to Thiruvananthapuram from New Delhi on a Mail or an Express train in Sleeper Class will now have to shell out an extra Rs186, reports PTI.

 

Similarly, a passenger travelling by the same train on an AC Three Tier ticket will have to pay an extra Rs312, according to the hike in passenger fares announced by the railway ministry.

 

A Sleeper Class ticket on a Mail or Express train between New Delhi and Thiruvananthapuram which used to cost Rs559 will cost Rs745 from midnight of 21st January. Similarly, an AC Three Tier ticket in the same train which costs Rs1,573 will now cost Rs1,885.

 

An AC Three Tier ticket on a Rajdhani Express between New Delhi and Ernakulum, which used to cost Rs1,804, will now come at Rs2,156, a hike of Rs352.

 

A New Delhi-Patna Sleeper Class ticket will now cost Rs385, a hike of Rs66. Similarly, Sleeper Class travel in a Mail/ Express train between New Delhi and Mumbai Central will cost Rs465, a hike of Rs87.

 

An Express Train Sleeper Class ticket between New Delhi and Howrah (via Gaya) will now come at Rs475, following a hike of Rs89.

 

People travelling to Chennai Central from the national Capital on a Sleeper Class ticket in a Mail or Express train will have to pay Rs620, an extra Rs132.

 

A Sleeper Class ticket on a Mail/ Express train between New Delhi and Guwahati (via Barauni) will cost Rs590, following a hike of Rs122.

 

Same fare hike have been made applicable on AC Three Tier tickets, with a New Delhi-Patna ticket now costing Rs1,005, a hike of Rs106.

 

A travel to Mumbai Central from New Delhi on an AC Three Tier ticket on a Mail/ Express train will now come at Rs1,205, following a hike of Rs140

 

Chennai Central to New Delhi ticket in AC Three Tier will now cost Rs1,595 after a fare revision of Rs221.

 

In Rajdhani Trains Mumbai Central-New Delhi ticket which costs Rs1,247 will now come for Rs1,450 a variation of Rs203.

 

Howrah-New Delhi travel in AC Three Tier on a Rajdhani will now come at Rs 1,483 instead of Rs1,273, following a hike of Rs210.

 

A Rajdhani AC Three-Tier ticket to Dibrugarh in Assam from New Delhi will now cost Rs1,982 instead of Rs1,674.

 

In Shatabdi Express, an AC Chair Car ticket from New Delhi to Lucknow will cost Rs576 instead of Rs526, following a hike of Rs50.

 

Travelling to Bhopal from the national Capital on a Shatabdi will now cost Rs715, following a hike of Rs68.

 

Travelling on a Duronto Express in AC Three Tier between Mumbai and Howrah will now cost Rs1,561 instead of Rs1,373.

 

Similarly, a travel from Sealdah to New Delhi on an AC Three Tier ticket in Duronto will now cost Rs1,285, following a hike of Rs149.

 

A travel from Pune to Nizamuddin (Delhi) will be dearer by Rs150, as the ticket now will cost Rs1,311 instead of the present Rs1,161.

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