{"id":307912,"date":"2019-12-31T12:11:56","date_gmt":"2019-12-31T06:41:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307912"},"modified":"2019-12-31T12:18:24","modified_gmt":"2019-12-31T06:48:24","slug":"air-indias-group-bookings-come-under-a-cloud-over-shutdown-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-indias-group-bookings-come-under-a-cloud-over-shutdown-fears\/","title":{"rendered":"Air India\u2019s group bookings come under a cloud over shutdown fears"},"content":{"rendered":"<p>Air India\u2019s advance group bookings may have been impacted due to Civil Aviation Minister Hardeep Singh Puri\u2019s statement in Parliament last month that \u201cthe airline will have to close down if it\u2019s not privatised.\u201d<\/p>\n<p>The Centre has announced that it was looking to divest Air India and its subsidiaries. The national carrier has been facing an acute cash crunch for the past few fiscals. For April-November, Air India\u2019s losses zoomed to \u20b94,685 crore, as against a loss of \u20b91,658 crore recorded in FY2019.<\/p>\n<p>Air India has a debt book of around \u20b960,000 crore, including total current liabilities of \u20b915,000 crore owed to vendors, lessors, employees and airport operators.<\/p>\n<p>A senior official said that Puri\u2019s statement \u201cwas impactful on our revenues\u201d. The group bookings account for 4-5 per cent of revenues of Air India, \u201cbut, we are correcting it,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air India\u2019s advance group bookings may have been impacted due to Civil Aviation Minister Hardeep Singh Puri\u2019s statement in Parliament last month that \u201cthe airline will have to close down if it\u2019s not privatised.\u201d The Centre has announced that it was looking to divest Air India and its subsidiaries. The national carrier has been facing an acute cash crunch for the past few fiscals. For April-November, Air India\u2019s losses zoomed to \u20b94,685 crore, as against a loss of \u20b91,658 crore recorded in FY2019. Air India has a debt book of around \u20b960,000 crore, including total current liabilities of \u20b915,000 crore [&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":[130],"tags":[],"class_list":["post-307912","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307912","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=307912"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307912\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}