NEW DELHI : Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline's CEO said in an internal memo, after the government extended nationwide lockdown to contain the coronavirus, Reuters reported.
The airline has also instituted a compulsory "no-pay" leave for a section of its employees to mitigate the economic fallout of the coronavirus pandemic, news agency IANS reported.
These leaves without pay range from one to three days, depending on employment grades. Senior-most employees will have to take three days of compulsory no-pay leave, the agency said. "The extension of lockdown and suspension of our services till May 3 further impacts our cash flow significantly.