{"id":384590,"date":"2020-11-18T08:30:55","date_gmt":"2020-11-18T03:00:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384590"},"modified":"2020-11-18T09:16:44","modified_gmt":"2020-11-18T03:46:44","slug":"malaysias-airasia-group-reviewing-india-investment-hints-at-possible-exit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/malaysias-airasia-group-reviewing-india-investment-hints-at-possible-exit\/","title":{"rendered":"Malaysia&#8217;s AirAsia Group reviewing India investment, hints at possible exit"},"content":{"rendered":"<p>Malaysia&#8217;s flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there. <\/p>\n<p>The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group&#8217;s financial stress. <\/p>\n<p>&#8220;Cost containment and reducing cash burn remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India,&#8221; it said. <\/p>\n<p>AirAsia shut its operations in Japan, the smallest of its foreign offshoots, last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&#8217;s flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there. The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group&#8217;s financial stress. &#8220;Cost containment and reducing cash burn remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India,&#8221; it said. AirAsia shut its operations in Japan, the smallest of [&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":[135,167,130],"tags":[],"class_list":["post-384590","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384590","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=384590"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384590\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}