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SIA gets go-ahead for launching India airline with Tata

Published Mon, Nov 25, 2013 · 10:00 PM
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SINGAPORE Airlines (SIA) has received the official go-ahead from India's Foreign Investment Promotion Board (FIPB) to set up a joint-venture airline in the country together with Tata Sons.

In a release to the Singapore Exchange yesterday, SIA said that it received approval from the FIPB on Nov 22. The FIPB had initially given its verbal approval in October. SIA will now need to seek further approvals, such as a no-objection certificate from India's …

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