Loading
9-Oct-2013 10:02 AM

India Foreign Investment Promotion Board to consider Singapore Airlines-Tata JV plan on 18-Oct-2013

India's Foreign Investment Promotion Board stated (08-Oct-2013) it would consider a proposal on 18-Oct-2013 from Singapore Airlines to establish an Indian airline in a JV with the Tata Group. As previously reported, Tata and Singapore Airlines plan to form a full-service airline based in New Delhi. The companies will initially invest a combined USD100 million to start the carrier, with Tata owning 51% and Singapore Airlines the remaining 49%. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More