Vistara urges staff to take no-pay leaves in May, June
- A Monitor Desk Report 07 May, 2020 | 657 Views|-+
Dhaka: Vistara, a joint venture between Tata Sons and Singapore Airlines, has asked its senior staff to take mandatory no-pay leaves for up to four days each in May and June to help the carrier conserve cash and reduce operational expenses during the coronavirus crisis.
The full service airline on April 5 also said the monthly base flying allowance of pilots have been reduced to 20 hours during May and June, respectively, and their monthly reimbursement adjusted accordingly.
"With the latest lockdown extension until May 17, our operations continue to be suspended until the date, prolonging the period of no-revenues as well," the airline said in a statement.
"This decision does not impact 70 per cent of Vistara staff including cabin crew, other frontline staff and junior corporate office employees," it added.
Indian airlines face a debilitating cash crunch due to grounding of flight operations following the government’s decision to initiate a lockdown to contain COVID-19 pandemic, which has claimed over 265,374 lives globally.
Last month, Vistara had initiated salary cuts for its senior staff while implementing leave without pay for a section of its employees.
Airlines like SpiceJet, GoAir, AirAsia India, and Air India have also initiated measures like salary cuts and leave without pay for their staff to contain escalating costs.