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Singapore Airlines Ltd receives approval from India's foreign investment promotion board to establish joint venture airline in India with Tata Sons Ltd


Sunday, 24 Nov 2013 07:31pm EST 

Singapore Airlines Ltd:Says received approval from India's foreign investment promotion board (FIPB), dated Nov. 22 , to establish a joint venture airline in India with Tata Sons Ltd.Says as announced on Sep. 19, the joint venture will be 51%-owned by Tata Sons and 49%-owned by Singapore Airlines. Singapore Airlines' investment will be $49 million.Says the establishment of the airline remains subject to further approvals, from India's Directorate General of Civil Aviation. 

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26 Oct 2011