The proposed aviation venture of TATA with Singapore Airlines(SIA) has got corporate Affairs Ministry’s approval to use the name “Tata SIA Airlines Ltd.”which plans to offer full-service passengers sevices on domestic and international routes.
Tata Group had applied on the ministry’s electronic platform,MCA21, to register this name.
Tata Group will hold 51% stake in the company while Singapore Airline would have 49%.
The two Partners are making the initial investment of USD 100 million to launch the airline,which may take off next year, after getting all clearances.
Earlier attempts by TATA Group to enter in Aviation Business
In February this year, Tatas had announced a partnership with Malaysia’s AirAsia for a low-cost carrier in India, wherein Arun Bhatia’s Telestra Tradeplace was third partner.
It was the third attempt by Tatas and SIA to enter the Indian civil aviation sector. Tatas have a long history of association with civil aviation in India. JRD Tata had started Tata Airlines in 1932, which was later in 1946 renamed as Air India and was subsequently nationalised in 1953.