{"id":516345,"date":"2022-08-24T09:28:09","date_gmt":"2022-08-24T03:58:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516345"},"modified":"2022-08-24T10:08:40","modified_gmt":"2022-08-24T04:38:40","slug":"tata-sons-may-have-to-write-off-rs-2600-cr-airasia-indias-losses-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-may-have-to-write-off-rs-2600-cr-airasia-indias-losses-report\/","title":{"rendered":"Tata Sons may have to write off Rs 2,600 cr AirAsia India&#8217;s losses: Report"},"content":{"rendered":"<p>Tata Sons will likely have to write off Rs 2,600 crore in the form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire and merge with Air India Express, reported The Economic Times on Wednesday.<\/p>\n<p>No decision has been taken on whether the write-off will be included in the balance sheet of Tata Sons or Air India, ET reported, citing officials aware of the development.<\/p>\n<p>An auditor&#8217;s report, casting doubts on AirAsia India as a &#8220;going concern,&#8221; stated that the airline&#8217;s net worth has been fully eroded and its liabilities exceed current assets, reported ET.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons will likely have to write off Rs 2,600 crore in the form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire and merge with Air India Express, reported The Economic Times on Wednesday. No decision has been taken on whether the write-off will be included in the balance sheet of Tata Sons or Air India, ET reported, citing officials aware of the development. An auditor&#8217;s report, casting doubts on AirAsia India as a &#8220;going concern,&#8221; stated that the airline&#8217;s net worth has been fully eroded and its liabilities exceed current assets, [&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-516345","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\/516345","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=516345"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516345\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}