SIA gets India Approval for airline with Tata
SINGAPORE -- Singapore Airlines said Monday it has received approval from India’s Foreign Investment Promotion Board to establish a joint venture airline in India with Tata Sons, the Dow Jones news agency reported.
SINGAPORE -- Singapore Airlines said Monday it has received approval from India’s Foreign Investment Promotion Board to establish a joint venture airline in India with Tata Sons, the Dow Jones news agency reported.
The Singapore flag carrier signed a deal in September with the Indian conglomerate to establish a full service carrier in India, in which it will own 49 per cent.
The two partners now need approvals from the Directorate General of Civil Aviation in India to start operations.
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