{"id":364047,"date":"2020-07-22T10:44:28","date_gmt":"2020-07-22T05:14:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364047"},"modified":"2020-07-22T10:44:28","modified_gmt":"2020-07-22T05:14:28","slug":"indigos-decision-to-lay-off-10-workforce-is-beginning-of-painful-process-capa-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigos-decision-to-lay-off-10-workforce-is-beginning-of-painful-process-capa-india\/","title":{"rendered":"IndiGo&#8217;s decision to lay off 10% workforce is &#8216;beginning&#8217; of &#8216;painful&#8217; process: CAPA India"},"content":{"rendered":"<p>MUMBAI: Budget carrier IndiGo NSE 0.40 %&#8217;s decision to retrench 10 per cent of its total workforce owing to the impact of the coronavirus pandemic is the &#8220;beginning&#8221; of a &#8220;painful&#8221; process and in the prevailing conditions, the possibility of one or more airlines going out of business cannot be ruled out, according to CAPA India.<\/p>\n<p>Besides, third-party investors are unlikely to invest in any airline under the present conditions, and the companies have the only option to seek capital infusion from the promoters, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Budget carrier IndiGo NSE 0.40 %&#8217;s decision to retrench 10 per cent of its total workforce owing to the impact of the coronavirus pandemic is the &#8220;beginning&#8221; of a &#8220;painful&#8221; process and in the prevailing conditions, the possibility of one or more airlines going out of business cannot be ruled out, according to CAPA India. Besides, third-party investors are unlikely to invest in any airline under the present conditions, and the companies have the only option to seek capital infusion from the promoters, it said.<\/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-364047","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\/364047","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=364047"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364047\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}