{"id":390577,"date":"2020-12-21T11:22:02","date_gmt":"2020-12-21T05:52:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390577"},"modified":"2020-12-21T11:22:02","modified_gmt":"2020-12-21T05:52:02","slug":"airasia-to-own-only-13-in-tata-jv","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-to-own-only-13-in-tata-jv\/","title":{"rendered":"AirAsia to own only 13% in Tata JV"},"content":{"rendered":"<p>NEW DELHI: Malaysian carrier AirAsia will be reduced to a financial investor in its India unit as larger strategic partner Tata Sons initiates consolidation moves in aviation.<\/p>\n<p>AirAsia, which till recently held 49% in its India venture, will see its stake fall to 13% as it prioritises its geographical play after being faced with Covid-induced financial woes. It will retain a low double-digit stake in the India unit as the latter will continue to use the AirAsia brand and other agreements like aircraft maintenance and ticketing-accounting software for some time. Tata Sons, which already owns a significant majority stake (about 75%) in AirAsia India, will see this further go up to 87%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Malaysian carrier AirAsia will be reduced to a financial investor in its India unit as larger strategic partner Tata Sons initiates consolidation moves in aviation. AirAsia, which till recently held 49% in its India venture, will see its stake fall to 13% as it prioritises its geographical play after being faced with Covid-induced financial woes. It will retain a low double-digit stake in the India unit as the latter will continue to use the AirAsia brand and other agreements like aircraft maintenance and ticketing-accounting software for some time. Tata Sons, which already owns a significant majority stake (about [&hellip;]<\/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-390577","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\/390577","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=390577"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390577\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}