Friday 11 July 2014

Tata-SIA Airlines moves step closer

DGCA said that Tata-SIA is registered in India, with two-thirds of its directors being citizens of India, stated reports.

Director General of Civil Aviation has reportedly said that there is no reason why the Tata-SIA Airlines application for an Air Operator Permit should not be considered.
The regulator has rejected the objections raised by domestic carriers and other entities, which are likely to be affected by Tata-SIA’s foray into the domestic aviation space.
DGCA said that Tata-SIA is registered in India, with two-thirds of its directors being citizens of India, stated reports.
While the Tata Group owns 51 per cent, Singapore Airlines has a 49 per cent stake in the joint venture, which is to be based in New Delhi.

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