Kingfisher extends lockout till October 12

October 04, 2012 23:25

Ailing Kingfisher Airlines tonight extended its partial lockout by a week till October 12 as talks between its management and employees failed to break the deadlock over non-payment of salaries for the last seven months.

The beleaguered airline, meanwhile, got some reprieve as bankers agreed to release funds from escrow accounts, which is likely to release up to Rs 60 crore for the carrier.

In an apparent fallout of the worsening crisis in Vijay Mallya-owned private carrier, the wife of one of its Delhi- based employees allegedly committing suicide, blaming financial stress due to non-payment of salary to her husband for five months.

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