{"id":384768,"date":"2020-11-18T11:19:42","date_gmt":"2020-11-18T05:49:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384768"},"modified":"2020-11-18T12:17:41","modified_gmt":"2020-11-18T06:47:41","slug":"airasia-flags-cash-drain-in-india-after-japan-unit-goes-bust-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-flags-cash-drain-in-india-after-japan-unit-goes-bust-2\/","title":{"rendered":"AirAsia flags cash drain in India after Japan unit goes bust"},"content":{"rendered":"<p>Malaysian low-cost carrier AirAsia Group Bhd. is reviewing investment in its cash-starved Indian affiliate, hours after its Japan unit filed for bankruptcy.<\/p>\n<p>\u201cOur businesses in Japan and India have been draining cash, causing the Group much financial stress,\u201d Bo Lingam, president of airlines at AirAsia Group, said in a statement on its website. \u201cCost containment and reducing cash burns remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India.\u201d<\/p>\n<p>AirAsia Japan Co. filed for bankruptcy with the Tokyo District Court earlier Tuesday, after flagging last month it would cease operations in the country as the coronavirus pandemic that\u2019s wiped out travel globally took its toll. Airasia Japan received a provisional administration order from the court Tuesday, it said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysian low-cost carrier AirAsia Group Bhd. is reviewing investment in its cash-starved Indian affiliate, hours after its Japan unit filed for bankruptcy. \u201cOur businesses in Japan and India have been draining cash, causing the Group much financial stress,\u201d Bo Lingam, president of airlines at AirAsia Group, said in a statement on its website. \u201cCost containment and reducing cash burns remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India.\u201d AirAsia Japan Co. filed for bankruptcy with the Tokyo District Court earlier Tuesday, after flagging last month it would cease [&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":[130],"tags":[],"class_list":["post-384768","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384768","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=384768"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384768\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}