{"id":516456,"date":"2022-08-24T11:08:06","date_gmt":"2022-08-24T05:38:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516456"},"modified":"2022-08-24T11:08:06","modified_gmt":"2022-08-24T05:38:06","slug":"tata-may-have-to-write-off-airasia-indias-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-may-have-to-write-off-airasia-indias-loss\/","title":{"rendered":"Tata may have to write off AirAsia India&#8217;s loss"},"content":{"rendered":"<p>Tata Sons will likely have to make a provision of \u20b92,600 crore as accumulated losses for AirAsia India, which it proposes to absorb into Air India and merge with no-frills unit Air India Express, said people with knowledge of the matter. An auditor&#8217;s report has cast doubt on AirAsia India as a &#8220;going concern,&#8221; stating that its net worth has been fully eroded and its liabilities exceed current assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons will likely have to make a provision of \u20b92,600 crore as accumulated losses for AirAsia India, which it proposes to absorb into Air India and merge with no-frills unit Air India Express, said people with knowledge of the matter. An auditor&#8217;s report has cast doubt on AirAsia India as a &#8220;going concern,&#8221; stating that its net worth has been fully eroded and its liabilities exceed current assets.<\/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-516456","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\/516456","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=516456"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516456\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}