India’s Kingfisher Airlines CEO urges staff to return to work

The CEO of India’s Kingfisher Airlines Ltd, grounded since the start of the month, urged striking employees to return to work as the carrier scrambled to find solutions to its cash flow problems.

Shares in the carrier fell 5 percent, their daily limit, for the eighth straight session on Wednesday as investors lose hope that the airline controlled by liquor baron Vijay Mallya will get a lifeline from a foreign airline or another saviour.

The carrier has until the end of next week to explain to the government why it should not be shut.

via Business feed http://www.scmp.com/business/companies/article/1057861/indias-kingfisher-airlines-ceo-urges-staff-return-work