Singapore Airlines India JV eyes September launch
NEW DELHI (Reuters) - Singapore Airlines Ltd's(SIAL.SI) Indian joint venture is looking to start flights from Sept. 1, according to its application to the sector regulator for permission to operate.
TATA SIA Airlines Ltd, 49 percent-owned by the Singapore carrier and 51 percent held by Tata Group, plans to operate 87 flights a week during its first year of operation, it said in the application. The airline plans to nearly double that number during its second year.
The carrier said it is taking Airbus A320-200 and A320-200 neo planes on lease, without disclosing how many will be in the fleet, and will be based in Delhi. It may add other bases in India in later years depending on the rate of fleet growth, it said.
TATA SIA initially plans to operate domestic flights, but will eventually expand to international full-service flights, it said in the application. India is in the process of scrapping a rule that does not allow carriers with less than five years of operations and 20 aircraft to operate international flights.
The Indian aviation regulator, which this week gave a flying permit to a low-cost airline joint venture of AirAsia (AIRA.KL) and Tata Group, has sought comments from the public on TATA SIA Airlines' application for a permit.
(Reporting by Devidutta Tripathy; Editing by Kenneth Maxwell)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- IFC launches $2.5 billion rupee-denominated bonds for infra projects in India
- Lack of options leave India struggling with Dhoni dilemma
- Murder, revenge, lust and rampage take over 'Sin City' sequel
- Islamic State video purports to show beheading of U.S. journalist
Addressing India's Infra Needs
The World Bank's private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. Full Article
Exclusive - Icahn says Family Dollar wasting over $300 mln in breakup fees . Full Article