New Delhi: Close on the heels of the government’s policy announcement to allow foreign airlines to buy up to 49 per cent stake in Indian carriers, Singapore International Airlines (SIA) has said it is keen on investing in the domestic aviation market.
In response to an email reply to a questionnaire sent to the airline, SIA has said: “We keep all investment options open, but at this point there are no discussions taking place on the purchase of a stake in an Indian airline.”
SIA, along with the Tata Group, had earlier made attempts to enter the Indian aviation market. In the mid-nineties, SIA’s proposal, in partnership with the Tatas, was scuttled in the wake of objection from the civil aviation ministry, following which the Tatas decided to go it alone, but with a technical alliance with SIA.
19/09/12 Mihir Mishra/Indian Express
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In response to an email reply to a questionnaire sent to the airline, SIA has said: “We keep all investment options open, but at this point there are no discussions taking place on the purchase of a stake in an Indian airline.”
SIA, along with the Tata Group, had earlier made attempts to enter the Indian aviation market. In the mid-nineties, SIA’s proposal, in partnership with the Tatas, was scuttled in the wake of objection from the civil aviation ministry, following which the Tatas decided to go it alone, but with a technical alliance with SIA.
19/09/12 Mihir Mishra/Indian Express
