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Stock impact report

Vistara: Top India airline to reduce flights amid protests by pilots [Yahoo! Finance]

SINGAPORE AIRLNS UNSP/ADR (SINGY) 
Company Research Source: Yahoo! Finance
Since 31 March, Vistara has seen nearly 150 flight cancellations and 200 flight delays. Media reports said the disruption was caused by pilots going on mass sick leave to protest against changes post the airline's merger with Air India. Vistara says it is looking into better work-life balance for its pilots. A Vistara official told the BBC the airline was "scaling back its network temporarily" and that customers would be given refunds for cancelled flights. According to The Hindu newspaper , at meeting on Wednesday, Vistara CEO Vinod Kannan apologised to pilots for "taxing schedules" and sought their "support" in resolving concerns. Mr Kannan also said that flight cancellations would continue until the end of the month to create a pilot buffer. The Tata Group, which holds the majority stake in Vistara, bought debt-ridden Air India - formerly India's national carrier - from the government for $2.2bn (£1.8bn) in 2021. It is now in the process of consolidating its airline Show less Read more
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