{"id":304868,"date":"2019-12-10T10:50:22","date_gmt":"2019-12-10T05:20:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304868"},"modified":"2019-12-10T10:50:22","modified_gmt":"2019-12-10T05:20:22","slug":"airasia-india-promotors-go-for-aggressive-expansion-plans-infuse-rs-466-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-india-promotors-go-for-aggressive-expansion-plans-infuse-rs-466-crore\/","title":{"rendered":"AirAsia India promotors go for aggressive expansion plans, infuse Rs 466 crore"},"content":{"rendered":"<p>Tata Sons and AirAsia Berhad \u2013 promoters of low-cost carrier AirAsia India \u2013 have infused Rs 466 crore into the carrier to fund its aggressive expansion plans. While Tata Sons put in Rs 237.8 crore into the budget carrier, AirAsia Investment has injected Rs 228.4 crore, according to a filing with the Ministry of Corporate Affairs.<\/p>\n<p>The promoters had invested Rs 500 crore during the last round of funding in April 2019. AirAsia India, which started operations in June 2014, is awaiting the government\u2019s permission to operate on international routes. Tatas, which also run full-service carrier Vistara in partnership with Singapore Airlines, control 51% in AirAsia India while 49% is held by Malaysia-based AirAsia Berhad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons and AirAsia Berhad \u2013 promoters of low-cost carrier AirAsia India \u2013 have infused Rs 466 crore into the carrier to fund its aggressive expansion plans. While Tata Sons put in Rs 237.8 crore into the budget carrier, AirAsia Investment has injected Rs 228.4 crore, according to a filing with the Ministry of Corporate Affairs. The promoters had invested Rs 500 crore during the last round of funding in April 2019. AirAsia India, which started operations in June 2014, is awaiting the government\u2019s permission to operate on international routes. Tatas, which also run full-service carrier Vistara in partnership with [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-304868","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304868","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304868"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304868\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}