In 2013, India emerged as one of the most promising aviation markets in the world, with three international airlines announcing investment plans here. While Abu Dhabi-based Etihad Airways sealed a Rs 2,058-crore deal for a 24 per cent stake in Jet Airways, the Tata Group made a resounding comeback in the aviation industry, forging tie-ups for two start-up airline ventures. It signed an agreement with Malaysian budget carrier AirAsia Berhad and, separately, with Singapore Airlines for a full-service carrier.
Early last week, airline grouping Star Alliance gave a go-ahead to integrate its network with state-owned Air India, while Singapore-based TigerAir tapped into the lucrative India-Southeast Asian market by entering into an interline agreement with SpiceJet, India’s second-largest low-cost carrier.
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