New Delhi: Is the low-cost carrier SpiceJet going the Kingfisher way?
This is the question that is being heavily debated in aviation circles
these days. If sources within the airline are to be believed, then the
situation is indeed very alarming. While on one hand the airline is
announcing fancy schemes to woo passengers, there is another side to the
story too.
The low-cost carrier faces the same issues Kingfisher had faced. Allowances over the many months have not been paid, foreign travel allowance of last 12 months have not paid. A percentage of foreign travel allowance of pilots and crew has been cut. Employees haven't received Form 16 as yet. Management hasn't deposited TDS. Ground staff at certain sectors have not been given salaries for some months.
Clearly the airline is facing a huge cash crunch. Headlines Today is in the exclusive possession of the letter written by the management to convince its employees who are now planning to take a legal recourse against the management. This letter has been written by the COO of the airline Sanjeev Kapoor to the employees. The COO tells his employees that like rest of the staff he is also in the same financial situation and that talks with the tax department were on to resolve issues.
Read news in full 07/09/14 Pankaj Upadhyay/India Today
The low-cost carrier faces the same issues Kingfisher had faced. Allowances over the many months have not been paid, foreign travel allowance of last 12 months have not paid. A percentage of foreign travel allowance of pilots and crew has been cut. Employees haven't received Form 16 as yet. Management hasn't deposited TDS. Ground staff at certain sectors have not been given salaries for some months.
Clearly the airline is facing a huge cash crunch. Headlines Today is in the exclusive possession of the letter written by the management to convince its employees who are now planning to take a legal recourse against the management. This letter has been written by the COO of the airline Sanjeev Kapoor to the employees. The COO tells his employees that like rest of the staff he is also in the same financial situation and that talks with the tax department were on to resolve issues.
Read news in full 07/09/14 Pankaj Upadhyay/India Today
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