Indian airline Vistara defers payments to some suppliers: Internal

Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline's CE said in an internal memo, after the govt extended India's lockdown to contain the coronavirus. In an email to employees, Vistara CE Leslie Thng said it was of "paramount importance" to do everything possible to conserve cash. "We have made some progress with a few of our key partners and suppliers in reducing and/or deferring some of our immediate operating expenditures and are continuing to pursue these measures aggressively with others," Thng said in the email seen by Reuters. The airline said that the extended lockdown and suspension of its services will have a further significant impact on the company's cash flow and it is taking a number of steps to save costs.<br/>