Air Vistara

Sushubh

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http://www.readability.com/articles/nkik2ylh
India's Tata conglomerate and Singapore Airlines will form a full-service airline based in New Delhi, adding a deep-pocketed player to a fast-growing but competitive Indian aviation sector where most operators lose money.Tata Sons said it will own 51 percent of the carrier and Singapore Airlines will own the remainder. Singapore Airlines said the initial outlay of $100 million would be funded by the two sides in proportion to their ownership.
They are already involved in Airasia!
After the rule change, Malaysia's AirAsia Bhd and Tata, India's biggest business house, announced in February a joint venture to launch a low-cost airline in India, while Abu Dhabi's Etihad agreed in April to buy a 24 percent stake in India's Jet Airways.
 

SVK

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What will happen to Tata's investment in AirAsia? Or would Tata continue to have shares in both Airlines?
BTW I guess new Airlines would be having active involvement by Tata then compared to AirAsia as they own 51% shares in new venture.
 

Sushubh

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I do not understand Ratan Tata's obsession with airlines. :D I mean I know that he is a pilot himself. But it's not like airlines are doing extremely well in India. Why enter a stupid market where government regulations makes it hard to let you operate efficiently.
 


SVK

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This is their 3rd (or may be even more) to get into Airlines after Independence :)
May be third time lucky. (Hopefully they didnt had to bribe any Central minister to get license).
 

Sushubh

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If Tata did that, they would have been what Reliance is today. Maybe Cyrus Pallonji Mistry is doing what Ratan Tata never did :D
 
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