{"id":335993,"date":"2020-02-05T11:17:25","date_gmt":"2020-02-05T05:47:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335993"},"modified":"2020-02-05T11:17:25","modified_gmt":"2020-02-05T05:47:25","slug":"tatas-singapore-airlines-close-to-making-a-joint-bid-for-air-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tatas-singapore-airlines-close-to-making-a-joint-bid-for-air-india\/","title":{"rendered":"Tatas, Singapore Airlines close to making a joint bid for Air India"},"content":{"rendered":"<p>The Tata Group wants to fly Air India, the carrier it founded 87 years ago. According to a TOI report, the Tatas are moving close to making a bidding call for the national carrier in partnership with Singapore Airlines. They have already started working on the structure for such an acquisition, including a merger of AirAsia India, in which they hold 51%, and Air India Express, a 100% subsidiary of the national carrier.<\/p>\n<p>The Tata Group, the report added, is learned to have approached Tony Fernandes, the Malaysian entrepreneur who holds 49% in AirAsia India, for his approval to acquire AI Express. The shareholders\u2019 agreement stipulates that Tatas can\u2019t invest more than 10% in another budget airline without Fernandes being willing to waive the covenant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tata Group wants to fly Air India, the carrier it founded 87 years ago. According to a TOI report, the Tatas are moving close to making a bidding call for the national carrier in partnership with Singapore Airlines. They have already started working on the structure for such an acquisition, including a merger of AirAsia India, in which they hold 51%, and Air India Express, a 100% subsidiary of the national carrier. The Tata Group, the report added, is learned to have approached Tony Fernandes, the Malaysian entrepreneur who holds 49% in AirAsia India, for his approval to acquire [&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":[192,130,136],"tags":[],"class_list":["post-335993","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335993","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=335993"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335993\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}