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Singapore Airlines and Tata Sons to Launch New Airline

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Last September, Singapore Airlines and Tata Sons finally announced their joint airline venture to be based in India. The two companies already signed an MOU (Memorandum of Understanding) to launch a carrier. Tata Sons and Singapore Airlines submitted an application to the FIPB (Foreign Investment Promotion Board) and secured other approvals. For this new venture, Tata Sons will own majority of the shares (amounting to 51%). Singapore Airlines will own 49%.

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This new venture seeks to stimulate and encourage people’s travel demands. Initially, the board of directors will be comprised of three members – two from Tata Sons and one from Singapore Airlines. The venture is said to provide India with world class airline. Singapore Airlines are very enthusiastic about this new venture.

There are no doubts that this will be a success. Tata Sons is one of the most well-respected airline companies in India. Singapore Airlines made the decision because they believe that India’s potential for the aviation sector is hard to miss. Furthermore, Singapore Airlines is confident that this new venture with Tata Sons will present India with economic benefits.

Tata Sons attempted this partnership way back 1990s, which means that the airline company has waited for more than twenty years. They never ceased their attempt until Singapore Airlines finally opened their gates to them. The time is right. Both companies are aware of the market demand and they simply want to give the customers a new and fresh option for air travel. Details are still ironed. Both companies will announce everything in due time.

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