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Lockdown: Vistara defers payments to some suppliers, says internal memo

The pandemic has brought air travel to a virtual standstill, with many airline fleets grounded and no visibility on when travel restrictions will be eased

Vistara gets Rs 500-crore fund infusion from Tata Sons, Singapore Airlines

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The coronavirus pandemic has brought air travel to a virtual standstill, with many airline fleets grounded and no visibility on when travel restrictions will be eased

BS Web Team Reuters New Delhi

2 min read Last Updated : Apr 15 2020 | 10:03 PM IST

Indian air carrier 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 India's lockdown to contain the coronavirus (Covid-19).

The coronavirus pandemic has brought air travel to a virtual standstill, with many airline fleets grounded and no visibility on when travel restrictions will be eased.

Prime Minister Narendra Modi on Tuesday extended India's nationwide lockdown - which began on March 25 - until May 3.

In an email to employees, Vistara CEO Leslie Thng said it was of "paramount importance" to do everything possible to

Topics : Coronavirus Lockdown

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