Hope for cost cuts in Budget: Vistara CEO

The airline industry expects the government to announce measures that improve the operating climate for airline companies in India through measures that reduce cost of operations for the airline, Vistara CEO Vinod Kannan said Monday.

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"Every year there are expectations from the Budget... But the government has a lot of other important issues to deal with in the Budget... From our perspective, to be fair to the government and civil aviation ministry, relief has come in the form of reduced VAT on aviation fuel has helped bring down our costs. Plus, the way aviation fuel prices are calculated has also changed...So, I have to give credit to the government," Kannan said.

He added that the rest will be left to the authorities. "Over and above that, whether it is the goods and services tax (GST) or trying to give us more benefits or more operating climate favourable, we will leave it to the authorities... Till then, we will live with whatever we have," he added.