The Tata-Singapore Airlines (SIA) JV has applied for a schedule airline licence from the Directorate General of Civil Aviation (DGCA) to start operations. The move comes exactly three weeks after the aviation ministry gave it the initial no objection certificate (NOC).
Incidentally, the DGCA is already in final stages of granting a licence to the Tata-AirAsia JV for forming a low-cost carrier here.
The Tata-SIA JV envisages starting a Delhi-based full service carrier with an initial investment of $100 million in which the Indian giant will have 51% stake and SIA the rest. FIPB had last October cleared this JV.In fact, this airline has eclipsed the soon-to-be launched Tata-AirAsia LCC as the budget space is overcrowded in India. On the other hand, the full service space has just two players left — Jet and Air India — after the grounding of Kingfisher in October, 2012. Air India is progressively moving towards a mix of LCC and full service carrier and Jet’s domestic focus is substantially on its budget version.
Incidentally, the DGCA is already in final stages of granting a licence to the Tata-AirAsia JV for forming a low-cost carrier here.
The Tata-SIA JV envisages starting a Delhi-based full service carrier with an initial investment of $100 million in which the Indian giant will have 51% stake and SIA the rest. FIPB had last October cleared this JV.In fact, this airline has eclipsed the soon-to-be launched Tata-AirAsia LCC as the budget space is overcrowded in India. On the other hand, the full service space has just two players left — Jet and Air India — after the grounding of Kingfisher in October, 2012. Air India is progressively moving towards a mix of LCC and full service carrier and Jet’s domestic focus is substantially on its budget version.
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