Singapore Air, Tata plan to set up new Indian carrier

[mhm]

Indian conglomerate Tata Group and Singapore Airlines plan to set up a new full-service airline in India, nearly 15 years after their last attempt failed.

The two companies plan to initially invest $100m (£62m) in the new airline. Tata will own 51% and Singapore Airlines will own the rest.

However, the move comes just nine months after Tata agreed to a similar venture with Malaysian budget carrier AirAsia.
http://www.bbc.co.uk/news/business-24170625