“Tata Sons & Singapore Airlines” to form JV, to invest $100 million for a full-service carrier in India | The Economic Times

Tata Sons, the holding arm of the diversified business conglomerate, is forming a joint venture with Singapore Airlines Ltd (SIA) to launch a new domestic full-service carrier in the country, almost two decades after a failed attempt to sew a deal with the foreign airline which could have marked a return to the aviation business for the group.

Once operational, the venture—coupled with Tata’s investment in AirAsia’s upcoming low-cost carrier—would make the group a formidable aviation-player in the country.

Tata Sons, Singapore Airlines to form JV; invest $100 million for carrier in India – The Economic Times.


Leave a Comment:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s