Ad Here  
May
June
July
August
September
October
 
 
India will need more aircraft A ruse to protect western airlines? Skewed planning impacts growth Flying High... Chennai Airport to be privatised Air-India targets revenue of Rs 21,500 crore SpiceJet considering a US $ 4 billion order Kingfisher brand up for sale IndiGo’s market share overtakes Jet For whom Chennai airport toils? Tata Singapore Airlines JV to launch operations in October’14 AirAsia to sell tickets to beat competition Red tape hits TATA SIA aircraft delivery New Chennai Terminal: Next regional hub Flying high... SpiceJet to raise capital
 
Tata Singapore Airlines JV to launch operations in October’14

Uncertainty over Tata Singapore Airlines JV operations in India has ended with the civil aviation authorities granting a No Objection Certificate (NOC) and the launch date for the operations being readied for October this year. The Tata- SIA venture is already armed with approvals from the home ministry and the Foreign Investment Promotion Board (FIPB).

The launch is set for October, the most profitable  month for airlines in India as the  festival season starts with the Dushera and ends with Christmas. Tata SIA will compete with Air India, Jet Airways and budget airlines such as Spice Jet, IndiGo and GoAir in the domestic skies.

The US $ 109 billion Tata Sons is the holding company in the JV with Singapore Airlines with an equity stake of 51 per cent and SIA holding the remaining. The JV’s initial investment is put at US $ 100 million.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com