Next, the airline needs a permit from the Directorate General of Civil Aviation (DGCA), the industry regulator, to start operations.
The Ministry of Civil Aviation has given its go-ahead to Tata SIA Airlines, the joint venture between Tata Sons and Singapore Airlines, taking it a step closer to kick starting India operations.
Next, the airline needs a permit from the Directorate General of Civil Aviation (DGCA), the industry regulator, to start operations. In November 2013, Singapore Airlines said it had received formal clearance to invest in the joint venture from India's Foreign Investment Promotion Board (FIPB).
In their new venture, Tata SIA Airlines, Tata Sons would hold 51 per cent stake and Singapore Airlines (SIA) 49 percent. The two partners will make an initial investment of USD 100 million to launch the airline.
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Tatas and Singapore Airlines have assured the government that control of their proposed venture would always remain in Indian hands, while seeking approval to offer full-service passenger airways on both domestic and international routes.
This is the third attempt by Tatas and SIA to enter the Indian civil aviation sector.
Tatas have a long history of association with civil aviation in India.
JRD Tata had started Tata Airlines in 1932, which was later in 1946 renamed as Air India and was subsequently nationalised in 1953.
The JV would also provide air transport carriers for both passengers and freights as well as supporting services to air transport, like operation or airport flying facilities, radio beacons, flying control centres and radar stations.
(With inputs from PTI)
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