Tata-SIA joint venture receives FIPB approval

Civil Aviation Ministry, DGCA, Foreign Investment Promotion Board, Singapore Airlines, Tata SIA Airlines, Tata Sons

by Devesh Agarwal

Photo © Devesh Agarwal

The joint venture of Singapore Airlines (SIA) and Tata Sons, Tata SIA Airlines Ltd., to set up a full service airline, has won approval from India's Foreign Investment Promotion Board (FIPB).

The company has an initial capital outlay of $100 million with Tatas holding 51% and Singapore Airlines holding 49%.

Tata-SIA will now have to approach a variety of agencies, many under the ministry of civil aviation, to obtain the slew of regulatory and security approvals, before it can commence operations.

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