New Delhi: A new Indian airline planned by the giant Tata Group and Singapore Airlines reaffirms the nation’s long-term potential as an aviation market, despite the sector’s current financial turbulence, analysts say.
Tata Sons, the holding company of tea-to-software conglomerate Tata Group, and SIA said this week they were setting up a full-service airline after two failed joint bids to take to Indian skies.
“This investment affirms India’s reputation as a lucrative aviation market in the long-run,” Amber Dubey, aerospace head at global consultancy KPMG said.
The $100-billion Tata Group in 1932 pioneered air travel airline in India with Tata Airlines, later taken over by the government and rebranded Air India. It will hold a majority 51-per cent stake in the full-service carrier while SIA will hold 49 per cent as they seek to exploit one of the fastest-growing aviation markets globally.
26/09/13 Oman Tribune
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Tata Sons, the holding company of tea-to-software conglomerate Tata Group, and SIA said this week they were setting up a full-service airline after two failed joint bids to take to Indian skies.
“This investment affirms India’s reputation as a lucrative aviation market in the long-run,” Amber Dubey, aerospace head at global consultancy KPMG said.
The $100-billion Tata Group in 1932 pioneered air travel airline in India with Tata Airlines, later taken over by the government and rebranded Air India. It will hold a majority 51-per cent stake in the full-service carrier while SIA will hold 49 per cent as they seek to exploit one of the fastest-growing aviation markets globally.
26/09/13 Oman Tribune
