http://www.readability.com/articles/nkik2ylh
They are already involved in Airasia!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.
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.