Singapore Airlines (Singapore) and the Tata Group of India are coming to together to form a new full service Indian airline based in Delhi. Tata Sons will control 51 percent of the shares and Singapore the other 49 percent. The two entities will invest $100 million together according to this report by Reuters. Tata is the largest business group in India. Previously Tata in February announced a partnership with AirAsia (Kuala Lumpur) to form a new low-cost carrier based in Chennai, India.
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