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Stock impact report

India's Vistara cutting 20 flights a day, likely to cut May pilot schedules, CNBC-TV18 reports [Reuters]

SINGAPORE AIRLNS UNSP/ADR (SINGY) 
Company Research Source: Reuters
in May, its top boss told news channel CNBC-TV18 on Friday, amid a surge in flight cancellations by the carrier. A number of Vistara's pilots went on sick leave, and some of those who went on leave protested a downward revision to pay ahead of a merger with Tata-owned Air India later this year, amid growing fatigue from a busy schedule, Reuters reported earlier this week. Jointly owned by the Tata group and Singapore Airlines (SIAL.SI) , opens new tab , Vistara has been cancelling flights since late March due to its crew's unavailability. "We used to operate about 350 flights a day. We are short by about 20 flights or so every day," said Vinod Kannan, Vistara's chief executive, adding that the flights were cancelled "mainly to provide a little more buffer" of available crew and "not for any other reasons". Some pilots have expressed concerns regarding the full schedule that had pilots fly more...the cancelled flights are to try and provide better rosters, Kannan added. The a Show less Read more
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