Vistara CEO Says Senior Employees to Go on Leave Without Pay for Upto 3 Days Between April 15 and 30 Due to COVID-19 Lockdown
"With the announcement by the government of India on extending the lockdown, we continue to suspend all our domestic and international operations till 3rd May 2020 and this further impacted significantly on our cash flow with no revenue being generated over an extended period of time," the CEO said in an email to employees.
New Delhi, March 27: Vistara CEO Leslie Thng on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and April 30 as a measure to further conserve the airline's cash flow amid the lockdown to combat the coronavirus threat. All Domestic And International Flights to Remain Suspended till 11:59 PM on May 3 As PM Modi Extends Nationwide Lockdown in India.
On March 27, the airline had also introduced compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.
The compulsory no pay leave will affect around 1,200 employees in senior grades. The remaining 2,800 employees of the airline such as members of cabin crew and ground handling services will be unaffected.
"With the announcement by the government of India on extending the lockdown, we continue to suspend all our domestic and international operations till 3rd May 2020 and this further impacted significantly on our cash flow with no revenue being generated over an extended period of time," Thng said in an email to employees, which has been accessed by PTI.