Mumbai: As the aviation industry awaits clarity on the proposed joint venture between Tata Sons and Singapore Airlines for a full-service carrier, and its eventual fallout on the three-way tie-up that the Tatas had earlier forged to operate low-cost airline AirAsia in the country, analysts believe that the twin proposals of the Tatas signal revival of confidence among international carriers looking to invest in India.
According to an industry consultant, who did not want to be named, two more foreign carriers, Emirates and Qatar Airways, were evaluating the market’s potential. “We are under an understanding that both Emirates and Qatar are estimating their entry in India,” he said. Jet Airways is already in a deal to sell 24 per cent stake to Etihad by the end of this month.
So far, few except Tata’s low-cost airline partner Arun Bhatia of Telestra Tradeplace, find problems with India’s biggest corporate group running two independent airline JVs for full-service and no-frills operations, respectively. However, nobody is quite sure how soon the SIA venture would take off.
22/09/13 Soumonty Kanungo/mydigitalfc.com
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According to an industry consultant, who did not want to be named, two more foreign carriers, Emirates and Qatar Airways, were evaluating the market’s potential. “We are under an understanding that both Emirates and Qatar are estimating their entry in India,” he said. Jet Airways is already in a deal to sell 24 per cent stake to Etihad by the end of this month.
So far, few except Tata’s low-cost airline partner Arun Bhatia of Telestra Tradeplace, find problems with India’s biggest corporate group running two independent airline JVs for full-service and no-frills operations, respectively. However, nobody is quite sure how soon the SIA venture would take off.
22/09/13 Soumonty Kanungo/mydigitalfc.com
