{"id":516854,"date":"2022-08-25T11:00:05","date_gmt":"2022-08-25T05:30:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516854"},"modified":"2022-08-25T13:04:38","modified_gmt":"2022-08-25T07:34:38","slug":"tata-may-have-to-write-off-airasia-indias-loss-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-may-have-to-write-off-airasia-indias-loss-report\/","title":{"rendered":"Tata may have to write off AirAsia India&#8217;s loss: Report"},"content":{"rendered":"<p>Tata Sons will likely have to make a provision of Rs 2,600 crore ($325.69 million) as accumulated losses for low-cost carrier AirAsia India, which it&#8217;s seeking to absorb into unit Air India and merge with Air India Express, The Economic Times reported on Wednesday. <\/p>\n<p>Earlier this year, Tata Group-owned Air India proposed to buy the entire equity share capital of AirAsia India, in which Tata has a majority stake, to merge into a single airline. Tata Sons has an 83.67 per cent stake in AirAsia India.<\/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, The Economic Times reported, citing officials close to the development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons will likely have to make a provision of Rs 2,600 crore ($325.69 million) as accumulated losses for low-cost carrier AirAsia India, which it&#8217;s seeking to absorb into unit Air India and merge with Air India Express, The Economic Times reported on Wednesday. Earlier this year, Tata Group-owned Air India proposed to buy the entire equity share capital of AirAsia India, in which Tata has a majority stake, to merge into a single airline. Tata Sons has an 83.67 per cent stake in AirAsia India. No decision has been taken on whether the write-off will be included in the [&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":[176,146,130],"tags":[],"class_list":["post-516854","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516854","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=516854"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516854\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}