India to consider Singapore Airlines JV plan on Oct 18
NEW DELHI Oct 8 (Reuters) - India's Foreign Investment Promotion Board will consider a proposal from Singapore Airlines to set up an airline in the country in a joint venture with the Tata Group on Oct. 18, according to the regulator's website.
Tata and Singapore Airlines plan to form a full-service airline based in New Delhi, the companies said last month. The two will initially invest a combined $100 million to start the carrier, with Tata Sons owning 51 percent and Singapore Airlines the rest. (Reporting by Rajesh Kumar Singh; Editing by Prateek Chatterjee)
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