Bangalore: Kingfisher Airlines might lay off 50 percent of its current employees in order to save costs. “In order to resolve its deepening debt crisis, Kingfisher Airlines is likely to layoff around 50 percent of its employees”, sources claimed.

In the mean time, majority of the pilots have already left to join IndiGo, and Go Air because of rising salary debts and the insecurity surrounding the airline over past many months.

This possibility of large scale layoffs by the Kingfisher Airlines came because of the new warning that received by the Civil Aviation Minister Ajit Singh saying that the company must pay dues to retailers if it wants to continue its operations. This warning came hours before DGCA [Directorate General of Civil Aviation] is expected to submit the vital report on the cash-strapped private carrier to Ajit Singh.

Singh has also warned the Kingfisher Airlines that, if the company change its schedules without informing the DGCA or the passengers, fails to pay the oil companies or the Airport Authority of India, the airline might not get the chance of continuing its operations, reports ZeeBiz.com

A top government official has said that, Vijay Mallya owned Airline Company has agreed to pay only up to Rs 10 crore of its Rs 76 crore service tax dues in this present financial year.