New Delhi: The aviation sector in the country has turned out to be the biggest beneficiary of the relaxation in foreign direct investment (FDI) norms with three big international carriers announcing entry into the Indian market within a year of the norms being changed.
Of the three airlines, AirAsia and Singapore International Airlines (SIA) have tied up with the Tata Group for an entry, while the third, Abu Dhabi-based Etihad Airways has entered into a deal to purchase 24 per cent stake in Jet Airways.
The Tata-SIA joint venture will have an initial equity capital of $100 million and will be based out of New Delhi. Tatas will own 51 per cent while SIA the rest.
While the viability of a new airline in the already competitive Indian aviation market remains to be seen, analysts predict intense competition in the international sector.
20/09/13 Indian Express
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Of the three airlines, AirAsia and Singapore International Airlines (SIA) have tied up with the Tata Group for an entry, while the third, Abu Dhabi-based Etihad Airways has entered into a deal to purchase 24 per cent stake in Jet Airways.
The Tata-SIA joint venture will have an initial equity capital of $100 million and will be based out of New Delhi. Tatas will own 51 per cent while SIA the rest.
While the viability of a new airline in the already competitive Indian aviation market remains to be seen, analysts predict intense competition in the international sector.
20/09/13 Indian Express
