The Indian government has approved the creation of a JV between Tata Sons and Singapore Airlines to introduce a full-service airline in India. The approval was granted by India’s Foreign Investment Promotion Board (FIPB). The total investment stands at S$125.1 million, with the Tata Group owning 51 per cent and Singapore Airlines the remainder. The airline is expected to be operational by early 2015. The two companies have tried to launch an airline service in the past; however, the deals had not gone through due to corporate rivalries.
