{"id":388204,"date":"2020-12-07T10:24:30","date_gmt":"2020-12-07T04:54:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388204"},"modified":"2020-12-07T10:51:02","modified_gmt":"2020-12-07T05:21:02","slug":"tata-group-faces-big-decisions-on-airlines","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-group-faces-big-decisions-on-airlines\/","title":{"rendered":"Tata group faces big decisions on airlines"},"content":{"rendered":"<p>Ratan Tata is no stranger to flying. As a 17-year-old, the octogenarian patriarch of India\u2019s biggest conglomerate once landed a plane that had lost its sole engine mid-flight; he\u2019s also piloted the supersonic F-16 fighter jet.<\/p>\n<p>That love of aviation hasn\u2019t always translated into business success, however. Tata Group\u2019s two airlines &#8212; AirAsia India and Vistara &#8212; were struggling before the coronavirus pandemic. Covid-19 has put the sprawling Tata Sons Ltd., which owns a 51% stake in each, at a crossroads. Either go big, by buying state-run Air India Ltd. for example, or bow out before spilling more red ink.<\/p>\n<p>The Tatas \u201care caught between a rock and a hard place,&#8221; said Mukund Rajan, a former member of the group\u2019s executive council who\u2019s now the chairman of a investment advisory firm focused on environment, social and governance issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ratan Tata is no stranger to flying. As a 17-year-old, the octogenarian patriarch of India\u2019s biggest conglomerate once landed a plane that had lost its sole engine mid-flight; he\u2019s also piloted the supersonic F-16 fighter jet. That love of aviation hasn\u2019t always translated into business success, however. Tata Group\u2019s two airlines &#8212; AirAsia India and Vistara &#8212; were struggling before the coronavirus pandemic. Covid-19 has put the sprawling Tata Sons Ltd., which owns a 51% stake in each, at a crossroads. Either go big, by buying state-run Air India Ltd. for example, or bow out before spilling more red ink. [&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-388204","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\/388204","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=388204"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388204\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}