{"id":18815,"date":"2018-01-16T12:23:45","date_gmt":"2018-01-16T12:23:45","guid":{"rendered":"http:\/\/punjabnews24.com\/?p=18815"},"modified":"2018-01-16T12:23:45","modified_gmt":"2018-01-16T12:23:45","slug":"air-india-to-be-split-into-four-separate-companies-ahead-of-sale","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/air-india-to-be-split-into-four-separate-companies-ahead-of-sale\/","title":{"rendered":"Air India to be split into four separate companies ahead of sale"},"content":{"rendered":"<p>India will break up its debt-laden carrier Air India into four separate companies and offer at least 51% in each of them as part of a divestment plan proposed by the government, Bloomberg reported on Monday.<\/p>\n<p>The airline would be divided into core airline business, regional arm, ground handling and engineering operations, the report added.<\/p>\n<p>The core airline business comprising Air India and Air India Express, the low-cost overseas arm, will be offered as one company, and the process will be completed by the end of 2018, Bloomberg reported, quoting junior aviation minister Jayant Sinha.<\/p>\n<p>\u201cThe aviation sector is a very fast growing sector, with really exciting opportunities for all participants, so we felt all of this will unlock growth and competitiveness of Air India group,\u201d Sinha said. \u201cWe expect it to be a very bright future for its employees.\u201d<\/p>\n<p>Last week, India had cleared a proposal to allow foreign investors to own up to 49% in the carrier.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>India will break up its debt-laden carrier Air India into four separate companies and offer at least 51% in each of them as part of a divestment plan proposed by the government, Bloomberg reported on Monday. The airline would be divided into core airline business, regional arm, ground handling and engineering operations, the report added. [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":18816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-18815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=18815"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18815\/revisions"}],"predecessor-version":[{"id":18817,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/18815\/revisions\/18817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/18816"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=18815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=18815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=18815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}