{"id":414072,"date":"2021-05-10T08:31:07","date_gmt":"2021-05-10T03:01:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414072"},"modified":"2021-05-10T11:36:51","modified_gmt":"2021-05-10T06:06:51","slug":"covid-impact-indian-carriers-risk-consolidation-plane-repossessions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-impact-indian-carriers-risk-consolidation-plane-repossessions\/","title":{"rendered":"Covid impact: Indian carriers risk consolidation, plane repossessions"},"content":{"rendered":"<p>Indian carriers are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of Covid-19 infections roils travel.<\/p>\n<p>Passenger traffic fell nearly 30 per cent in April from a month before and has halved again so far in May, forcing even the country&#8217;s biggest and most cashed-up carrier, IndiGo, to gear up for the storm. <\/p>\n<p>IndiGo&#8217;s parent, Interglobe Aviation, will meet on Friday to consider an equity raising, just months after it abandoned plans to raise up to 40 billion rupees ($543 million) in January due to a speedy recovery in travel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian carriers are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of Covid-19 infections roils travel. Passenger traffic fell nearly 30 per cent in April from a month before and has halved again so far in May, forcing even the country&#8217;s biggest and most cashed-up carrier, IndiGo, to gear up for the storm. IndiGo&#8217;s parent, Interglobe Aviation, will meet on Friday to consider an equity raising, just months after it abandoned plans to raise up to 40 billion rupees ($543 million) in January [&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":[135,167,130],"tags":[],"class_list":["post-414072","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414072","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=414072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}