{"id":550252,"date":"2023-01-27T10:30:51","date_gmt":"2023-01-27T05:00:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550252"},"modified":"2023-01-27T12:08:54","modified_gmt":"2023-01-27T06:38:54","slug":"air-india-vistara-to-get-1-5-1-8-billion-from-tata-sons-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-vistara-to-get-1-5-1-8-billion-from-tata-sons-report\/","title":{"rendered":"Air India-Vistara to get $1.5-$1.8 billion from Tata Sons: Report"},"content":{"rendered":"<p> Tata Sons may invest $1.5-1.8 billion in the proposed airline to be created after the merger of Air India and Vistara, a report in Mint said on Friday. The investments will be made from the proceeds received as dividend income from Tata Consultancy Services (TCS) and other firms of the group.<\/p>\n<p>&#8220;The board (of Tata Sons) has to decide on the exact amount to be invested in Air India-Vistara, among other initiatives by Tata group. A significant portion could be set aside for investment into Air India-Vistara combined,&#8221; a person aware of the matter told Mint.<\/p>\n<p>The money will be used primarily to expand the fleet, raise the airline&#8217;s market share beyon 30 per cent, improve customer service and increase global slot facilities. The infusion may start in the first quarter of 2023-24 (FY24).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons may invest $1.5-1.8 billion in the proposed airline to be created after the merger of Air India and Vistara, a report in Mint said on Friday. The investments will be made from the proceeds received as dividend income from Tata Consultancy Services (TCS) and other firms of the group. &#8220;The board (of Tata Sons) has to decide on the exact amount to be invested in Air India-Vistara, among other initiatives by Tata group. A significant portion could be set aside for investment into Air India-Vistara combined,&#8221; a person aware of the matter told Mint. The money will be [&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-550252","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\/550252","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=550252"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550252\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}