{"id":376729,"date":"2020-10-05T10:54:51","date_gmt":"2020-10-05T05:24:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376729"},"modified":"2020-10-05T10:54:51","modified_gmt":"2020-10-05T05:24:51","slug":"tata-sons-in-talks-to-buy-airasias-49-in-joint-venture","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-in-talks-to-buy-airasias-49-in-joint-venture\/","title":{"rendered":"Tata Sons in talks to buy AirAsia&#8217;s 49% in joint venture"},"content":{"rendered":"<p>MUMBAI: Tata Sons is reviewing its budget airline joint venture with Malaysia\u2019s AirAsia as the latter faces financial challenges exacerbated by the pandemic. The evaluation follows the Malaysian company\u2019s reluctance to inject fresh equity into AirAsia India.<\/p>\n<p>The holding company of the Tata Group, which owns 51% in the six-year-old low-cost carrier, is in discussions to buy out the remaining 49% held by AirAsia, said a source in the know. Tata Sons has the first right of refusal for the minority stake owned by AirAsia in the India venture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Tata Sons is reviewing its budget airline joint venture with Malaysia\u2019s AirAsia as the latter faces financial challenges exacerbated by the pandemic. The evaluation follows the Malaysian company\u2019s reluctance to inject fresh equity into AirAsia India. The holding company of the Tata Group, which owns 51% in the six-year-old low-cost carrier, is in discussions to buy out the remaining 49% held by AirAsia, said a source in the know. Tata Sons has the first right of refusal for the minority stake owned by AirAsia in the India venture.<\/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-376729","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\/376729","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=376729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}