Tata-SIA joint venture receives FIPB approval

October 24, 2013 Comments Off on Tata-SIA joint venture receives FIPB approval 129 Views

by Devesh Agarwal

Photo © 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.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

Check Also

In new strategy Etihad invests in Darwin Airlines, re-brands it Etihad Regional

by Devesh Agarwal Etihad Airways, the national carrier of the United Arab Emirates, today announced …

+OK
+OK