Aviation

Readying for take-off


MUMBAI / SINGAPORE

Even before the Singapore Airlines-Tata partnership
was forged in September, entities from Singapore
have been building or seeking to build a presence across
the entire value chain of Indian aviation—from catering,
ground handling, engineering and maintenance to
airport management

Most of the pieces seem to be in place for the joint venture between Singapore Airlines Ltd (SIA) and Tata Sons Ltd to take off in India sometime early in the business year starting on 1 April.

A key decision came this month when SIA chose Airbus SAS’s A320 planes for the full-service airline, which will take up to 20 of the aircraft worth $1.83 billion at list price. The planes will be sourced from leasing companies and not directly from Airbus, Reuters reported on 9 January, citing people it didn’t name.

The partners have already incorporated the joint venture, with an initial investment of $100 million, as Tata SIA Airlines Ltd and have begun recruitment of pilots and other airline personnel after bringing key management and operational personnel on board.

Full report here Mint 

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