40 pilots resign from Air Costa
Embattled Air Costa has seen an exodus of employees, including 40 pilots, in the last few weeks over non-payment of salaries. The airline, which has cancelled bookings till May, is scrambling for funds to restart operations, but is yet to make much headway in roping in investors.
Air Costa’s 450-odd employees are literally at the crossroads amid a worsening financial situation, and industry executives apprehend there could be a replay of erstwhile Kingfisher Airlines — whose shuttering in 2012 had rendered hundreds of people jobless.
Faced with cash crunch and financial issues with lessors, Vijaywada-based Air Costa has not flown since February 28. A source said employees have not been paid salaries for February while more than half of the staff have not received any payment since January.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Konkanworld.com will not be responsible for any defamatory message posted under this article. Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Konkanworld.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using Konkanworld.com will be purely at your own risk, and in no way will Konkanworld.com be held responsible. Similarly, Konkanworld.com reserves the right to edit / block / delete the messages without notice any content received from readers.