The Tata conglomerate has signed a deal with Singapore Airlines plans to launch a full service airline in India, seven months after forming a partnership with Malaysia’s AirAsia to start a low-cost carrier. Under a memorandum of understanding signed Sept. 19, Tata will own 51% of the new airline, while the Singaporean operator will hold the remaining 49%, a Tata spokesman says. “The proposed airline will be based in the national capital, New Delhi, and will operate under the full ...
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