SIA confident venture with Tata will take off
CEO acknowledges tough environment in India's domestic aviation sector
WHILE mindful of the challenging operating environment in India's aviation industry, Singapore Airlines (SIA) is confident that its planned joint venture with Tata Sons for a New Delhi-based airline will take off.
"By no means do we think this is going to be a walk in the park," said chief executive officer Goh Choon Phong at a results briefing yesterday morning, noting that India's domestic aviation sector is a challenging and competitive one.
"If we do not have the confidence to make it work, we wouldn't have been in there," he later added.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada