{"id":351554,"date":"2020-05-16T10:56:06","date_gmt":"2020-05-16T05:26:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351554"},"modified":"2020-05-16T10:56:06","modified_gmt":"2020-05-16T05:26:06","slug":"indigo-parent-looks-to-bid-for-bankrupt-virgin-australia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-parent-looks-to-bid-for-bankrupt-virgin-australia\/","title":{"rendered":"IndiGo parent looks to bid for bankrupt Virgin Australia"},"content":{"rendered":"<p>InterGlobe Enterprises (IGE) Pvt. Ltd, which controls the company that operates India\u2019s largest airline, has expressed interest in bidding for bankrupt airline Virgin Australia Holdings Ltd in the first round of a sale process that concluded on Friday, said a person with direct knowledge of the development.<\/p>\n<p>InterGlobe Enterprises (IGE) will now evaluate submitting financial bids for the airline, the person said on condition of anonymity.<\/p>\n<p>This will be a rare instance of an Indian company bidding for a prominent foreign carrier, in this case Australia\u2019s second largest after Qantas Airways. If the Rahul Bhatia-led group\u2019s bid is successful, it will secure an asset in a lucrative market that has low taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>InterGlobe Enterprises (IGE) Pvt. Ltd, which controls the company that operates India\u2019s largest airline, has expressed interest in bidding for bankrupt airline Virgin Australia Holdings Ltd in the first round of a sale process that concluded on Friday, said a person with direct knowledge of the development. InterGlobe Enterprises (IGE) will now evaluate submitting financial bids for the airline, the person said on condition of anonymity. This will be a rare instance of an Indian company bidding for a prominent foreign carrier, in this case Australia\u2019s second largest after Qantas Airways. If the Rahul Bhatia-led group\u2019s bid is successful, it [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-351554","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351554","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}