Singapore Airlines Plans Indian Carrier With Tata Group
This article is for subscribers only.
Singapore Airlines Ltd. tied up with Tata Group, owner of the Jaguar and Land Rover brands, to start an airline in India, its third attempt to tap the surging travel demand in the world’s second-most populous nation.
Tata will hold 51 percent of the venture and Singapore Air the remainder, the airline said in a statement yesterday. The two companies entered into an initial agreement for a $100 million investment and are seeking government approval to set up the full-service carrier, to be based in capital New Delhi.