{"id":392261,"date":"2020-12-30T10:59:44","date_gmt":"2020-12-30T05:29:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392261"},"modified":"2020-12-30T10:59:44","modified_gmt":"2020-12-30T05:29:44","slug":"tata-group-to-hike-stake-in-airasia-india-operations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-group-to-hike-stake-in-airasia-india-operations\/","title":{"rendered":"Tata group to hike stake in AirAsia India operations"},"content":{"rendered":"<p>MUMBAI : Tata Sons Ltd is increasing its stake in AirAsia India Ltd &#8211; its joint venture airline with Malaysia\u2019s AirAsia Bhd &#8211; from 51% to as much as 84%, said one person aware of the development.<\/p>\n<p>The move to consolidate its control in AirAsia India comes at a time when the group has shown preliminary interest in acquiring state owned Air India in the ongoing divestment process.<\/p>\n<p>Tata\u2019s increasing their stake in AirAsia will be a culmination of months of talks between the two JV partners, after the covid-19 pandemic wrecked havoc on the aviation industry, leading AirAsia to seek an exit from the Indian market in order to focus on its core geographies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Tata Sons Ltd is increasing its stake in AirAsia India Ltd &#8211; its joint venture airline with Malaysia\u2019s AirAsia Bhd &#8211; from 51% to as much as 84%, said one person aware of the development. The move to consolidate its control in AirAsia India comes at a time when the group has shown preliminary interest in acquiring state owned Air India in the ongoing divestment process. Tata\u2019s increasing their stake in AirAsia will be a culmination of months of talks between the two JV partners, after the covid-19 pandemic wrecked havoc on the aviation industry, leading AirAsia to [&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-392261","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\/392261","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=392261"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392261\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}