TATA SINGAPORE Airline
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Having a passion for flying and running an airline (at the fag end of your career -Ratan Tata being almost 80 now) are two different things.
Ofcourse there is no attempt to compare to Ratan Tata but I remember having similar optimism when Gopinath and Thiagarajan( youngest CEO of an airline
),both former pilots started their companies.We all know what happened afterwards.
Ofcourse there is no attempt to compare to Ratan Tata but I remember having similar optimism when Gopinath and Thiagarajan( youngest CEO of an airline
),both former pilots started their companies.We all know what happened afterwards.
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FIPB meet on Tata-SIA airline proposal postponed to October 24
Singapore Airlines plans to invest $49 million in the proposed venture with Tata Sons
A meeting of the FIPB to consider the Tata-Singapore Airlines proposal to start a full-service airline has been postponed to next week.
"Due to some unavoidable circumstances, the 197th meeting of the Foreign Investment Promotion Board (FIPB) scheduled to be held on Friday (October 18) has been postponed and will now be held on Thursday, October 24," the Finance Ministry said.
A meeting of the FIPB to consider the Tata-Singapore Airlines proposal to start a full-service airline has been postponed to next week.
"Due to some unavoidable circumstances, the 197th meeting of the Foreign Investment Promotion Board (FIPB) scheduled to be held on Friday (October 18) has been postponed and will now be held on Thursday, October 24," the Finance Ministry said.
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Govt approval for 'Tata SIA Airlines Limited' name
Tata, SIA get govt approval for 'Tata SIA Airlines Limited' name
By PTI | 20 Oct, 2013, 12.22PM IST
NEW DELHI: Tatas' proposed aviation venture with Singapore Airlines has got Corporate Affairs Ministry's approval to use the name 'Tata SIA Airlines Limited', which plans to offer full-service passenger services on domestic and international routes.
Starting the process of incorporating a new company for this joint venture, Tatas had applied late last month on the Ministry's electronic platform, MCA21, to register this name.
According to the latest information available with the Ministry, the name has been approved now and the company, Tata SIA Airlines Limited, stands registered from Delhi.
The application for registration of this name was filed through submission of form '1A', which is the first step towards incorporation of a new company.
The registration is generally followed by submission of various other documents, including the Article of Association, and details of the company's board of directors, share capital, business areas etc.
Tata SIA Airlines is among the first major companies to be incorporated under the new Companies Act, 2013 that came into effect earlier this month.
The airline's brand name is yet to be announced. Tata Sons Ltd, the holding company of salt-to-software conglomerate Tata group, will hold 51 per cent stake in the new company, while Singapore Airlines would have 49 per cent.
The two partners are making an initial investment of $ 100 million to launch the airline, which may take off next year after getting all the clearances required.
They have already sought approval from the Foreign Investment Promotion Board, which was earlier scheduled to take up the proposal on October 18, but the meeting got postponed to October 24.
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.
In February this year, Tatas also announced a partnership with Malaysia's AirAsia for a low-cost carrier in India, wherein Arun Bhatia's Telestra Tradeplace is third partner.
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 services on both domestic and international routes.
The initial board of the new carrier will have three members, which would be later expanded to six members with six nominees of Tata group.
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.
By PTI | 20 Oct, 2013, 12.22PM IST
NEW DELHI: Tatas' proposed aviation venture with Singapore Airlines has got Corporate Affairs Ministry's approval to use the name 'Tata SIA Airlines Limited', which plans to offer full-service passenger services on domestic and international routes.
Starting the process of incorporating a new company for this joint venture, Tatas had applied late last month on the Ministry's electronic platform, MCA21, to register this name.
According to the latest information available with the Ministry, the name has been approved now and the company, Tata SIA Airlines Limited, stands registered from Delhi.
The application for registration of this name was filed through submission of form '1A', which is the first step towards incorporation of a new company.
The registration is generally followed by submission of various other documents, including the Article of Association, and details of the company's board of directors, share capital, business areas etc.
Tata SIA Airlines is among the first major companies to be incorporated under the new Companies Act, 2013 that came into effect earlier this month.
The airline's brand name is yet to be announced. Tata Sons Ltd, the holding company of salt-to-software conglomerate Tata group, will hold 51 per cent stake in the new company, while Singapore Airlines would have 49 per cent.
The two partners are making an initial investment of $ 100 million to launch the airline, which may take off next year after getting all the clearances required.
They have already sought approval from the Foreign Investment Promotion Board, which was earlier scheduled to take up the proposal on October 18, but the meeting got postponed to October 24.
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.
In February this year, Tatas also announced a partnership with Malaysia's AirAsia for a low-cost carrier in India, wherein Arun Bhatia's Telestra Tradeplace is third partner.
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 services on both domestic and international routes.
The initial board of the new carrier will have three members, which would be later expanded to six members with six nominees of Tata group.
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.
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FIPB approves Tata-Singapore Airlines venture
FIPB approves Tata-Singapore Airlines venture
By PTI | 24 Oct, 2013, 12.54PM
'Singapore Airlines will make an initial investment of $49 mn for a 49% stake in the JV company, while the Tata Group will initially invest $51 mn for the rest.'
'Singapore Airlines will make an initial investment of $49 mn for a 49% stake in the JV company, while the Tata Group will initially invest $51 mn for the rest.'
NEW DELHI: Government today gave green signal to Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million.
"It (Tata-SIA proposal) has been cleared," Economic Affairs Secretary Arvind Mayaram told reporters after a meeting of the Foreign Investment Promotion Board (FIPB) here.
Mayaram said no riders have been set for the joint venture.
In their new venture, Tata SIA Airlines Ltd, Tata Sons would hold 51 per cent stake and Singapore Airlines (SIA) 49 per cent.
The venture secured the approval of the Corporate Affairs Ministry last week.
With the clearance of the FIPB, decks are cleared for Tata SIA to launch operations as a full-service air carrier in India.
The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, is an inter-ministerial panel for approving Foreign Direct Investment (FDI) across sectors.
The two partners are making an initial investment of $ 100 million to launch the airline, which may take off next year after getting all the required clearances.
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.
In February this year, Tatas also announced a partnership with Malaysia's AirAsia for a low-cost carrier in India, wherein Arun Bhatia's Telestra Tradeplace is the third partner. FIPB had approved this venture in April 2013.
As per latest data, during the April-July period, FDI inflow grew by 20 per cent to $ 7.05 billion, from $ 5.90 billion in the same period last fiscal.
By PTI | 24 Oct, 2013, 12.54PM
'Singapore Airlines will make an initial investment of $49 mn for a 49% stake in the JV company, while the Tata Group will initially invest $51 mn for the rest.'
'Singapore Airlines will make an initial investment of $49 mn for a 49% stake in the JV company, while the Tata Group will initially invest $51 mn for the rest.'
NEW DELHI: Government today gave green signal to Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million.
"It (Tata-SIA proposal) has been cleared," Economic Affairs Secretary Arvind Mayaram told reporters after a meeting of the Foreign Investment Promotion Board (FIPB) here.
Mayaram said no riders have been set for the joint venture.
In their new venture, Tata SIA Airlines Ltd, Tata Sons would hold 51 per cent stake and Singapore Airlines (SIA) 49 per cent.
The venture secured the approval of the Corporate Affairs Ministry last week.
With the clearance of the FIPB, decks are cleared for Tata SIA to launch operations as a full-service air carrier in India.
The FIPB, headed by Economic Affairs Secretary Arvind Mayaram, is an inter-ministerial panel for approving Foreign Direct Investment (FDI) across sectors.
The two partners are making an initial investment of $ 100 million to launch the airline, which may take off next year after getting all the required clearances.
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.
In February this year, Tatas also announced a partnership with Malaysia's AirAsia for a low-cost carrier in India, wherein Arun Bhatia's Telestra Tradeplace is the third partner. FIPB had approved this venture in April 2013.
As per latest data, during the April-July period, FDI inflow grew by 20 per cent to $ 7.05 billion, from $ 5.90 billion in the same period last fiscal.
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Tata order
From a highly reliable source, initial Tata firm orders:
- 10 737 Max
- 10 A320 Neos
- 8 A330 300
- 6 B777 300ER
And short term lease of 20 A320 for a quick start.
- 10 737 Max
- 10 A320 Neos
- 8 A330 300
- 6 B777 300ER
And short term lease of 20 A320 for a quick start.
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Tata Sons-Singapore Airlines carrier plans to launch operations by June next year
Tata Sons-Singapore Airlines carrier plans to launch operations by June next year
By ET Bureau | 26 Oct, 2013
MUMBAI: The Tata Sons-Singapore Airlines carrier which got a nod from the Foreign Investment Promotion Board on Thursday aims to launch operations by May-June 2014, its chairman said on Friday. Also, Tata Group's chairman emeritus Ratan Tata said the company will look at Air India, if the government decides to put it up for privatisation. "We hope we will be able to launch by May-June 2014," said Prasad Menon, chairman of the airline venture.
Earlier in the day Menon, Tata and Singapore Airlines CEO Goh Choon Phong met aviation minister Ajit Singh.
"I do not see any problems. The DGCA will have to be satisfied. It depends on how fast the Tatas are able to provide the data related to fleet, parking space, airport slots," said aviation minister Ajit Singh.
Tata Sons will hold 51% stake in the airline while the rest will be held by Singapore Airlines. The two partners plan to initially invest $49 million into the airline, which will go up to $100 million
The airline company, which hasn't been officially given a brand name yet, on Thursday received a nod from the FIPB, a month after it had applied to the government body. It will now have to receive a formal approval from the finance ministry, after which it will have to apply to the aviation ministry for a no-objection certificate and then India's aviation regulator for a flying permit. Menon said that the airline may use planes from Singapore Airlines' fleet.
Tata Sons has a second tie-up with AirAsia for launching a low-fare carrier in India. That is now awaiting a flying permit from the DGCA. When asked whether the Tatas would be interested in buying a stake in Air India, Ratan Tata said they would look at it if the government decided to privatise it.
India's civil aviation ministry has yet not made any official announcement of any plan to privatise Air India. But Singh has said in interviews that the government can consider it, if other political parties do not have a problem.
Air India was in 1953 renamed from Tata Aviation Services after the government decided to privatise it. Tata Aviation was started by Jehangir Ratanji Dadabhoy Tata, the group's former head. He piloted its first commercial flight on October 15, 1932 from Karachi to Mumbai in a single-engine Puss Moth aircraft.
By ET Bureau | 26 Oct, 2013
MUMBAI: The Tata Sons-Singapore Airlines carrier which got a nod from the Foreign Investment Promotion Board on Thursday aims to launch operations by May-June 2014, its chairman said on Friday. Also, Tata Group's chairman emeritus Ratan Tata said the company will look at Air India, if the government decides to put it up for privatisation. "We hope we will be able to launch by May-June 2014," said Prasad Menon, chairman of the airline venture.
Earlier in the day Menon, Tata and Singapore Airlines CEO Goh Choon Phong met aviation minister Ajit Singh.
"I do not see any problems. The DGCA will have to be satisfied. It depends on how fast the Tatas are able to provide the data related to fleet, parking space, airport slots," said aviation minister Ajit Singh.
Tata Sons will hold 51% stake in the airline while the rest will be held by Singapore Airlines. The two partners plan to initially invest $49 million into the airline, which will go up to $100 million
The airline company, which hasn't been officially given a brand name yet, on Thursday received a nod from the FIPB, a month after it had applied to the government body. It will now have to receive a formal approval from the finance ministry, after which it will have to apply to the aviation ministry for a no-objection certificate and then India's aviation regulator for a flying permit. Menon said that the airline may use planes from Singapore Airlines' fleet.
Tata Sons has a second tie-up with AirAsia for launching a low-fare carrier in India. That is now awaiting a flying permit from the DGCA. When asked whether the Tatas would be interested in buying a stake in Air India, Ratan Tata said they would look at it if the government decided to privatise it.
India's civil aviation ministry has yet not made any official announcement of any plan to privatise Air India. But Singh has said in interviews that the government can consider it, if other political parties do not have a problem.
Air India was in 1953 renamed from Tata Aviation Services after the government decided to privatise it. Tata Aviation was started by Jehangir Ratanji Dadabhoy Tata, the group's former head. He piloted its first commercial flight on October 15, 1932 from Karachi to Mumbai in a single-engine Puss Moth aircraft.
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The TATA SIA project is a very secretive project. They have been knocked out by Jet Airways before and this time around they are playing their cards very close to their chest. The government is trying their best to help them out before the elections. But let me tell you what I think they are going to do with their fleet planning / induction. Silk Air has ordered B 737 as a complete fleet replacement for the A 320 family aircraft that they have at the moment. In order to set up operations initially , Silk Air may transfer the A 320s in their fleet to TATA SIA. On the technical side the MI A 320s are also configured for the stage lengths and ETOPS routes that TATA SIA have in mind. However the problems is that there is a lot of behind the scenes action to prevent TATA SIA from going international from day one especially from Mr. ...... , the man with the wicked smile and his new found friend.
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Air India unit in talks with Tata-SIA for maintenance deal
By Anirban Chowdhury, ET Bureau | 8 Nov, 2013,
Air India Engineering Services is talking to the Tata-Singapore Airlines joint venture airline to provide engineering and maintenance services
MUMBAI: Air India Engineering Services, a unit of the national carrier, is talking to the Tata-Singapore Airlines joint venture airline to provide engineering and maintenance services for its aircraft.
"We have put across a proposal to them and they are yet to get back to us," said HR Jagannath, executive director of Air India Engineering. He added the unit has also approached AirAsia India with a proposal to maintain its planes in India.
Like Singapore Airlines, the Malaysian budget carrier too has tied up with Tata Sons to set up an airline in India. Adding third party customers will enhance revenues of Air India's engineering unit, helping in the overall turnaround of its parent Air India, which has been struggling with continuous losses since 2007.
Also, lending its services to these two airlines would bring it closer to the salt-to-software conglomerate , whose chairman emeritus Ratan Tata recently said his group will look at the national carrier if the government decides to sell stake in it.
Civil aviation minister Ajit Singh has also said the government can privatise the airline if other political parties agree to it. Air India was founded by Tata Sons patriarch JRD Tata in 1932 as Tata Airlines. It was nationalised in 1953 and eventually renamed Air India.
The Tata Group has in the past made an unsuccessful attempt to buy a stake in the airline. Air India's board on December gave a nod to its proposal of hiving off its engineering and groundhandling businesses into two separate units.
"Hiving off the two units - a key aspect of the carrier's turnaround plan - will build them as two separate profit centres as well as divert Air India's mammoth workforce. The engineering unit currently has 6,500 employees. Before the hive-off, Air India had a workforce of more than 30,000. Air India's engineers last year accounted for 15-20 % of its annual salary bill of over Rs 3,000 crore," said an executive at the airline.
The engineering unit will have a separate balance sheet from next financial year, he added . Air India Engineering currently gets about Rs 100 crore from third party work, which it aims to increase by four times to Rs 400 crore by 2016-17, said the senior executive at the airline.
The airline already has contracts with local carriers such as Go Air and international carriers such as Sri Lanka's Mihin Lanka and Silk Air, Singapore Airlines' budget carrier for maintenance of planes.
The unit will also soon put in place a marketing team and is interviewing candidates to head it after its current acting chief KM Unni retires in the next few months.[/FONT]
Air India Engineering Services is talking to the Tata-Singapore Airlines joint venture airline to provide engineering and maintenance services
MUMBAI: Air India Engineering Services, a unit of the national carrier, is talking to the Tata-Singapore Airlines joint venture airline to provide engineering and maintenance services for its aircraft.
"We have put across a proposal to them and they are yet to get back to us," said HR Jagannath, executive director of Air India Engineering. He added the unit has also approached AirAsia India with a proposal to maintain its planes in India.
Like Singapore Airlines, the Malaysian budget carrier too has tied up with Tata Sons to set up an airline in India. Adding third party customers will enhance revenues of Air India's engineering unit, helping in the overall turnaround of its parent Air India, which has been struggling with continuous losses since 2007.
Also, lending its services to these two airlines would bring it closer to the salt-to-software conglomerate , whose chairman emeritus Ratan Tata recently said his group will look at the national carrier if the government decides to sell stake in it.
Civil aviation minister Ajit Singh has also said the government can privatise the airline if other political parties agree to it. Air India was founded by Tata Sons patriarch JRD Tata in 1932 as Tata Airlines. It was nationalised in 1953 and eventually renamed Air India.
The Tata Group has in the past made an unsuccessful attempt to buy a stake in the airline. Air India's board on December gave a nod to its proposal of hiving off its engineering and groundhandling businesses into two separate units.
"Hiving off the two units - a key aspect of the carrier's turnaround plan - will build them as two separate profit centres as well as divert Air India's mammoth workforce. The engineering unit currently has 6,500 employees. Before the hive-off, Air India had a workforce of more than 30,000. Air India's engineers last year accounted for 15-20 % of its annual salary bill of over Rs 3,000 crore," said an executive at the airline.
The engineering unit will have a separate balance sheet from next financial year, he added . Air India Engineering currently gets about Rs 100 crore from third party work, which it aims to increase by four times to Rs 400 crore by 2016-17, said the senior executive at the airline.
The airline already has contracts with local carriers such as Go Air and international carriers such as Sri Lanka's Mihin Lanka and Silk Air, Singapore Airlines' budget carrier for maintenance of planes.
The unit will also soon put in place a marketing team and is interviewing candidates to head it after its current acting chief KM Unni retires in the next few months.[/FONT]
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TATA SIA FIPB Approval
SINGAPORE: Singapore Airlines said it has received approval from India's Foreign Investment Promotion Board (FIPB) to establish a joint venture airline in India with Tata Sons.
In September this year, the carrier announced that it is joining hands with the Indian conglomerate to launch a new full service airline in India.
The joint venture will be 51 per cent owned by Tata Sons and 49 per cent owned by Singapore Airlines.
Singapore Airlines' investment will be US$49 million.
In a statement on Monday, SIA added that the establishment of the airline remains subject to further approvals from India's Directorate General of Civil Aviation.
In September this year, the carrier announced that it is joining hands with the Indian conglomerate to launch a new full service airline in India.
The joint venture will be 51 per cent owned by Tata Sons and 49 per cent owned by Singapore Airlines.
Singapore Airlines' investment will be US$49 million.
In a statement on Monday, SIA added that the establishment of the airline remains subject to further approvals from India's Directorate General of Civil Aviation.
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So according to the grapevine...
TATA SIA has selected the A320 for the short haul fleet
Apparently sim checks are going on at FSTC Gurgaon for senior pilot positions as well as for some Indian Captains from Silk Air this week in order to renew their DGCA licenses
An ad might come out for experienced pilots in the local newspapers in a few weeks time...
TATA SIA has selected the A320 for the short haul fleet
Apparently sim checks are going on at FSTC Gurgaon for senior pilot positions as well as for some Indian Captains from Silk Air this week in order to renew their DGCA licenses
An ad might come out for experienced pilots in the local newspapers in a few weeks time...
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Tata-SIA seeks NOC from civil aviation ministry
Besides NOC from MHA, Tata-SIA would have to apply to DGCA for an Air Operator's Permit to commence operations
BS Reporter | New Delhi December 28, 2013
Tata Sons and Singapore Airlines have applied to the civil aviation ministry for a no-objection certificate (NOC) to start a full-service airline in India. The duo had earlier received approval from the Foreign Investment Promotion Board (FIPB) to set up Tata-SIA Airlines.
Confirming the development, a senior ministry official said: “They have applied for a NOC to start operations. The directors have to get security clearance from the Ministry of Home Affairs after which we can give them an initial certificate.”
Besides the NOC from the ministry, Tata-SIA will have to apply to the Directorate General of Civil Aviation for an air operator’s permit to commence operations. The official added: “The date of commencement of operations would primarily depend on the preparedness of the airline to furnish the relevant documents to the DGCA.”
Since the airline has applied for an NOC only now, it may not be able to start operations in the summer schedule of 2014.
Tata Sons tied up with SIA to launch a full-service carrier in India at an initial investment of $100 million on September 19. The Tatas will be the driving force in the venture with a 51 per cent stake.
Substantial ownership and effective control of the proposed airline will be with Tatas. Singapore Airlines would have a minority representation on the board and "will not be in a position to have 'de-facto' control over the Board. The board of the proposed Tata SIA Airlines Limited would eventually have six directors, Tata Sons and Singapore Airlines had said in its application to FIPB.
While four of the directors would be nominated by Tata Sons, the remaining two directors would be representatives of Singapore Airlines. The Chairman of the board will always remain a Tata nominee, the partners have said in their application. The Chairman and at least two-thirds of the directors of the Tata-SIA board will be Indians to conform with the guidelines of the FDI policy.
According to the MoU inked between Tata Sons and Singapore Airlines on Sep 19, the board of the proposed joint-venture company is initially scheduled to comprise three directors.
While two directors – Prasad Menon and Mukund Rajan – will be nominated by Tata Sons, Mak Swee Wah is the initial director nominated by SIA. The board will be chaired by Menon. Subsequently, the board would be expanded to include six directors.
The JV company will be incorporated in New Delhi and its principal place of business shall be India at all times. The airline has made Delhi its operational hub because of the huge capacity constraints in the Mumbai airport and better infrastructure facilities at the Delhi airport.
Tata-SIA has said it would like to operate international flights from India depending upon government approvals. At present, Indian government rules do not allow domestic airlines less than five years in operations and with a fleet of less than 20 aircraft to commence international operations. The ministry of civil aviation is drafting a cabinet note to amend the policy.
The Tatas already have a partnership with Malaysian carrier AirAsia for a low-cost airline that's likely to start operating in India later this fisca
BS Reporter | New Delhi December 28, 2013
Tata Sons and Singapore Airlines have applied to the civil aviation ministry for a no-objection certificate (NOC) to start a full-service airline in India. The duo had earlier received approval from the Foreign Investment Promotion Board (FIPB) to set up Tata-SIA Airlines.
Confirming the development, a senior ministry official said: “They have applied for a NOC to start operations. The directors have to get security clearance from the Ministry of Home Affairs after which we can give them an initial certificate.”
Besides the NOC from the ministry, Tata-SIA will have to apply to the Directorate General of Civil Aviation for an air operator’s permit to commence operations. The official added: “The date of commencement of operations would primarily depend on the preparedness of the airline to furnish the relevant documents to the DGCA.”
Since the airline has applied for an NOC only now, it may not be able to start operations in the summer schedule of 2014.
Tata Sons tied up with SIA to launch a full-service carrier in India at an initial investment of $100 million on September 19. The Tatas will be the driving force in the venture with a 51 per cent stake.
Substantial ownership and effective control of the proposed airline will be with Tatas. Singapore Airlines would have a minority representation on the board and "will not be in a position to have 'de-facto' control over the Board. The board of the proposed Tata SIA Airlines Limited would eventually have six directors, Tata Sons and Singapore Airlines had said in its application to FIPB.
While four of the directors would be nominated by Tata Sons, the remaining two directors would be representatives of Singapore Airlines. The Chairman of the board will always remain a Tata nominee, the partners have said in their application. The Chairman and at least two-thirds of the directors of the Tata-SIA board will be Indians to conform with the guidelines of the FDI policy.
According to the MoU inked between Tata Sons and Singapore Airlines on Sep 19, the board of the proposed joint-venture company is initially scheduled to comprise three directors.
While two directors – Prasad Menon and Mukund Rajan – will be nominated by Tata Sons, Mak Swee Wah is the initial director nominated by SIA. The board will be chaired by Menon. Subsequently, the board would be expanded to include six directors.
The JV company will be incorporated in New Delhi and its principal place of business shall be India at all times. The airline has made Delhi its operational hub because of the huge capacity constraints in the Mumbai airport and better infrastructure facilities at the Delhi airport.
Tata-SIA has said it would like to operate international flights from India depending upon government approvals. At present, Indian government rules do not allow domestic airlines less than five years in operations and with a fleet of less than 20 aircraft to commence international operations. The ministry of civil aviation is drafting a cabinet note to amend the policy.
The Tatas already have a partnership with Malaysian carrier AirAsia for a low-cost airline that's likely to start operating in India later this fisca
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New Singapore-Indian Airline confirmed leasing 20 units A320. New Singapore-Indian airline to get Airbus A320s: official - Yahoo Singapore Finance
Any information hiring FO?
Any information hiring FO?
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Experienced Captains with DGCA ATPL ( any type rating ) and 320 rated DGCA CPL holders interested in joining TATA SIA should send their CV to [email protected]
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@zulu_01
nothing being advertised for now
For everyone else
TATA SIA will be conducting an exam for Airbus A320 type rated candidates ( including zero hours on type ) somewhere in April
They want the type rating to be done ( or IR renewal i guess ) within the last 30 months
So hit your books and keep studying
nothing being advertised for now
For everyone else
TATA SIA will be conducting an exam for Airbus A320 type rated candidates ( including zero hours on type ) somewhere in April
They want the type rating to be done ( or IR renewal i guess ) within the last 30 months
So hit your books and keep studying
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Any response
Hi guys...
Anyone got any response from the mail ID mentioned above? Any news of any recruitment happening? I heard that it will not be possible to launch before Oct 2014..... Kindly throw some light
Anyone got any response from the mail ID mentioned above? Any news of any recruitment happening? I heard that it will not be possible to launch before Oct 2014..... Kindly throw some light