{"id":549805,"date":"2023-01-25T09:32:33","date_gmt":"2023-01-25T04:02:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=549805"},"modified":"2023-01-25T10:02:14","modified_gmt":"2023-01-25T04:32:14","slug":"vistara-cash-flow-sufficient-wont-need-fund-infusion-for-6-months-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vistara-cash-flow-sufficient-wont-need-fund-infusion-for-6-months-ceo\/","title":{"rendered":"Vistara cash flow sufficient, won&#8217;t need fund infusion for 6 months: CEO"},"content":{"rendered":"<p>Vistara&#8217;s cash flow is sufficient and it will not need fresh funding from promoters for another six months, said the airline&#8217;s chief executive officer Vinod Kannan on Tuesday.<\/p>\n<p>Vistara, a joint venture of the Tata-Singapore Airlines, made its first net profit in the December-end quarter on the back of capacity expansion, higher fares and revenue growth. The airline launched operations in 2015.<\/p>\n<p>&#8220;We can manage on our own,&#8221; Kannan said while responding to a question on funding.<\/p>\n<p>Fuel price has reduced since December and the rupee has strengthened against the US dollar. Demand and yield are expected to soften, however, as January-March is traditionally a weak quarter for air travel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vistara&#8217;s cash flow is sufficient and it will not need fresh funding from promoters for another six months, said the airline&#8217;s chief executive officer Vinod Kannan on Tuesday. Vistara, a joint venture of the Tata-Singapore Airlines, made its first net profit in the December-end quarter on the back of capacity expansion, higher fares and revenue growth. The airline launched operations in 2015. &#8220;We can manage on our own,&#8221; Kannan said while responding to a question on funding. Fuel price has reduced since December and the rupee has strengthened against the US dollar. Demand and yield are expected to soften, however, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-549805","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=549805"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549805\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=549805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=549805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=549805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}