by Devesh Agarwal
The joint venture of Singapore Airlines (SIA) and Tata Sons, Tata SIA Airlines Ltd., to set up a full service airline, has won approval from India's Foreign Investment Promotion Board (FIPB).
The company has an initial capital outlay of $100 million with Tatas holding 51% and Singapore Airlines holding 49%.
Tata-SIA will now have to approach a variety of agencies, many under the ministry of civil aviation, to obtain the slew of regulatory and security approvals, before it can commence operations.
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| Photo © Devesh Agarwal |
The company has an initial capital outlay of $100 million with Tatas holding 51% and Singapore Airlines holding 49%.
Tata-SIA will now have to approach a variety of agencies, many under the ministry of civil aviation, to obtain the slew of regulatory and security approvals, before it can commence operations.
