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The Press Trust of India is reporting that disgruntled employees of the financially ailing Kingfisher Airlines went on a wildcat strike at Mumbai and Delhi earlier today which led to the cancellation of over 30 flights, with ripple disruptions across the airline’s national network.
The protesters were mostly pilots and engineers who are protesting non-payment of their salaries for many months now.
Today also happens to be the first day of the monsoon session of the Parliament of India, and coincidence is too strong to ignore. The strike will surely attract the attention of law-makers. Whether it results in something positive, only time will tell.
Dr. Mallya’s over-riding hope of saving his beleaguered airline is foreign direct investment (FDI), which has been stalled in political circles. If one has to believe the rumour mills, airlines from Mumbai and Gurgaon near Delhi, are putting political spokes in the veritable wrench, to ensure a decision on this policy issue is delayed for a long time, This would cause the implosion of Kingfisher and the elimination of a competitor that will surely rise like a Phoenix from the ashes if FDI is approved.
What are your thoughts? Should Kingfisher continue to limp along, not giving up the fight, and resurrect once FDI is approved? Or should Dr. Mallya recognise the writing on the wall, admit defeat, and gracefully exit the airline business?
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