{"id":388479,"date":"2020-12-08T10:36:53","date_gmt":"2020-12-08T05:06:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388479"},"modified":"2020-12-08T11:11:49","modified_gmt":"2020-12-08T05:41:49","slug":"the-113-billion-tata-empire-faces-tough-decisions-over-airlines","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/the-113-billion-tata-empire-faces-tough-decisions-over-airlines\/","title":{"rendered":"The $113 billion Tata empire faces tough decisions over airlines"},"content":{"rendered":"<p>Ratan Tata is no stranger to flying. As a 17-year-old, the 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 \u2014 AirAsia India and Vistara \u2014 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","protected":false},"excerpt":{"rendered":"<p>Ratan Tata is no stranger to flying. As a 17-year-old, the 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 \u2014 AirAsia India and Vistara \u2014 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","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-388479","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388479","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=388479"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388479\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}