Tata’s Singapore Airlines Deal Sends Shockwaves toward Malaysia
AIN AIR TRANSPORT PERSPECTIVE » SEPTEMBER 30, 2013 by NEELAM MATHEWS Star Alliance member Singapore Airlines has signaled a desire to expand its Indian joint venture’s network to include international destinations eventually. (Photo: Singapore Airlines) September 30, 2013, 11:50 AM The bid by Malaysia’s AirAsia to launch a low-fare airline in India with the Tata Group has hit some unexpected turbulence as Singapore Airlines prepares to launch a joint venture with the very same investors. Already holding a 30-percent stake in AirAsia India, the Tata Group has now turned its sights toward the full-service market in agreeing to take a 51-percent stake in Tata SIA Airlines, apparently to the dismay of at least one of the principal investors in the AirAsia Indian venture. Last week Forbes and several Indian media outlets reported that Arun Bhatia, a partner in AirAsia India, expressed shock at ...