New Delhi/Chennai: Tony Fernandes, AirAsia India’s largest shareholder, has said he has “no issues” with the Tata-Singapore Airlines project. AirAsia India is a joint venture (JV) between AirAsia, Tata Sons, and Telestra Tradeplace Pvt Ltd, for a new low-cost airline. The joint venture was announced in February. .
Then, earlier this month, Tata Sons announced another JV with Singapore Airlines, this time for a full service airline in India. Tata Sons will be the majority shareholder in this JV.
But Arun Bhatia of Telestra, who had raised questions on Tata Sons tying up with Singapore Airlines after agreeing to the AirAsia venture, was conspicuous by his silence.
28/09/13 The Hindu
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Then, earlier this month, Tata Sons announced another JV with Singapore Airlines, this time for a full service airline in India. Tata Sons will be the majority shareholder in this JV.
But Arun Bhatia of Telestra, who had raised questions on Tata Sons tying up with Singapore Airlines after agreeing to the AirAsia venture, was conspicuous by his silence.
28/09/13 The Hindu
