The unnamed Tata Group – Singapore Airlines (Singapore) joint airline venture in India has selected the Airbus A320 to power the new full-service airline. According to this report by Reuters, the JV will be leasing 20 Airbus A320s from BOC Aviation (Singapore). The Tata-Singapore JV airline is expected to launch operations in the second half of this year.
The Tata Group is also partnering with AirAsia to launch an unnamed low-fare joint venture airline in India.
The Indian market is exploding despite the recent failure of Kingfisher Airlines. Jet Airways is negotiating a large Boeing 737 order with Boeing.
The Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India according to Wikipedia The group encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Group was founded in 1868 by Jamsetji Tata as a trading company. It has operations in more than 80 countries across six continents. Tata Group has over 100 operating companies with each of them operating independently.
Tata Group remains a family-owned business, as the descendants of the founder (from the Tata family) own a majority stake in the company. The current chairman of the Tata group is Cyrus Pallonji Mistry, who took over from Ratan Tata in 2012.
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