You are on page 1of 4

Tata, SIA incorporate airline venture- Tata SIA Airlines Ltd - The Economic Times

10/11/13 5:24 pm

Indiatimes | The Times of India | The Economic Times | More

| Log In | Join |

Like

1.3m

Follow

Airlines / Aviation
New

Search for News, Stock Quotes & NAV's


In association with

Home

News

Markets

IPO

Personal Finance
News By Company

Mutual Funds
Economy

Tech

Jobs

Opinion

Features

Blogs

Slideshows

ET NOW ET Speed
PSU Press Releases
4

Top News

News By Industry NRI

Politics and Nation

International Business

Emerging Businesses

Other Press Releases


Auto Banking/Finance

Cons. Products

Energy

Ind'l Goods/Svs

Healthcare/Biotech

Jobs

Services

Media/Entertainment

ET Cetera

Telecom

Transportation 6

Education

Market Watch
04:00 PM | 08 Nov

SENSEX

NIFTY

Gold (MCX) (Rs/10g.)

USD/INR

20,666.15

-156.62

6,140.75

-46.50

29,710.0

-210.0

62.48

0.06

Login to Track your Investment

VIEW MARKET

DASHBOARD

0
Share

You are here: ET Home News News By Industry Transportation Airlines / Aviation

Hi there, Login with your Facebook ID to see what your friends are reading on Times of India and Economic Times.

Tata, SIA incorporate airline ventureTata SIA Airlines Ltd


By PTI | 10 Nov, 2013, 01.58PM IST
1 comments | Post a Comment

1
Share Share More

READ MORE ON Tata Sons Ltd | Tata Sons | Tata SIA Airlines Ltd | Tata Group | Tata Airlines | Singapore Airlines | sia

1 Post Your Comment

NEW DELHI: Gearing up to launch fullTwitter Mania Totally Worth It? Amazing Picture Shows service airline on domestic and Nation & Institutions

Chhattisgarh Polls: Shadow o

international routes, salt-to-software conglomerate Tata group has incorporated its proposed aviation venture Tata SIA Airlines Ltd as a public limited company with the filing of all requisite documents and details with the Corporate Affairs Ministry.

The incorporation documents have been signed by three directors -- Prasad Menon, Kersi Rustom Bhagat and Mukund Govind Rajan.

India-born Suhail Rizvi is now richer than Twitter founders


Rizvi's rise illustrates how a new tech investor class with deep Wall Street connections is carving new paths into the unfamiliar and insular terrain of Silicon Valley. Twitter debut makes co-founders richer by over $1 bn Long way to go for Twitter to attract Indian internet users

The new company is a joint venture ET SPECIAL: Save precious time tracking your between Tatas and Singapore Airlines, with investments Super Typhoon leaves 6 Former babus who changed Tata Sons Ltd holding he majority 51 per Philippines devastated the way govt is run cent stake anddied the in Singaporean At least 10,000 people the central aviation Aruna Roy who left cushy govt job at a major having the remaining 49 peryoung cent equity. Philippine province of Leyte after Typhoon age to join the brigade of full-time

Chhattisgarh goes to p under the Naxal gun

Naxals have sent out signals th

strike violently before or after th Haiyan, one of the strongest storms ever to social activists. By making RTI a reality, Roy derail the govts aggressive effo make landfall, the province. has demonstrated that one can achieve away supporters from their fold As per lashed information available with the Corporate Affairs Ministry, the new company was social 8 facts about Navy's advanced jet trainer incorporated on November 5 with a totalgoals paid up capital of Rs 5 lakh and hasWomen been outnumber men in se 'Hawk 132' reserved for STs How to unshackle CBI: Lessons from registered in New Delhi. Some of the tallest statues in the world With NABARD, Murshidabad Canada spinning a new livelihood Manish Tiwari had sought statutory status for CBI in 2010 The incorporation documents have been signed by three directors -- Prasad Menon, Kersi Rustom Bhagat and Mukund Govind Rajan.

The incorporation follows approval from the Foreign Investment Promotion Board (FIPB) late last month for the proposed investment of $49 million by SIA in the joint venture, where Tatas are making initial investment of $51 million as per their shareholding structure.
Most Read Most Shared Most Commented

What makes Israel with just eight million peo... Young executives prefer small cities to big c... Infosys should offer to fix Healthcare.gov fo... Harley Davidson may become affordable soon as...

Earlier, the JV got Corporate Affairs Ministry's approval to use the name 'Tata SIA Airlines Limited'. The process of incorporating a new company for this joint venture started with registration of the name, followed by submission of various other documents, including the Article of

http://economictimes.indiatimes.com/news/news-by-industry/transportaorate-airline-venture-tata-sia-airlines-ltd/articleshow/25550117.cms

Page 1 of 4

Tata, SIA incorporate airline venture- Tata SIA Airlines Ltd - The Economic Times

10/11/13 5:24 pm

Not optimistic about India, hasn't been manag...


More

Association, and details of the company's board of directors, share capital, business areas etc. Tata SIA Airlines is among the first major companies to be incorporated under the new Companies Act, 2013. The two partners are making an initial investment of $100 million to launch the airline, which may take off next year after getting all the clearances required. This is the third attempt by Tatas and SIA to enter the Indian civil aviation sector. Tatas have a long history of association with civil aviation in India. JRD Tata had started Tata Airlines in 1932, which was later in 1946 renamed as Air India and was subsequently nationalised in 1953. In February this year, Tatas also announced a partnership with Malaysia's AirAsia for a low-cost carrier in India, wherein Arun Bhatia's Telestra Tradeplace is third partner.

News in Pics

2/20

Super Typhoon Haiyan leaves Philippines devastated

Most Watched Videos

Tatas and Singapore Airlines have assured the government that control of their proposed venture would always remain in Indian hands, while seeking approval to offer full-service passenger services on both domestic and international routes. The initial board of the new carrier will have three members, which would be later expanded to six members with six nominees of Tata group. The JV would also provide air transport carriers for both passengers and freights as well as supporting services to air transport, like operation or airport flying facilities, radio beacons, flying control centres and radar stations.
Recommend 4 people recommend this. Be the rst of your friends.

HCL Tech not for sale: Shiv Nadar

HCL Tech not for sale: Shiv Nadar

I will always be a citizen of India: Rag...

BHEL may bag UMPP order from Odisha & TN

More from The Economic Times


Singapore Airlines' launches special passes for Indian flyers 07 Nov 2013 Narendra Modi meets Murli Manohar Joshi, discusses BJP Lok Sabha poll! 05
Nov 2013

More from the web


Manufacturing lessons from Germany
TradeGood

MORE FROM VIDEOS

Slide Shows
Ten upcoming car launches you would love to know about
Are you planning to buy a car? Consider these ten upcoming launches and facelifts before takin...

How Cash is Costing Americans


MasterCard Newsroom

IIT, IIM students can now self-attest certificate copies 27 Oct 2013 Infosys adds a dozen new members to its top management group 25 Oct 2013

5 Consumer Behaviors Changing Online Marketing Channel Advisor Big Data is Yesterdays News Integration Has Become Big Data 2.0 The
TIBCO Blog
Recommended by

Cyclone Phailin batters east coast: Latest images


Cyclone 'Phailin' is said to be the strongest cyclonic storm to hit Odisha in 14 years.

10 successful start-ups by IIT, IIM & BITS alumni


From IITs, BITS Pilani to IIMs...startups by alumni of renowned institutes have taken India b...
More Slideshows READ MORE ON Tata Sons Ltd | Tata Sons | Tata SIA Airlines Ltd | Tata Group | Tata Airlines | Singapore Airlines | sia

PREVIOUS STORY

NEXT STORY

Parliamentary panel opposed to privatisation of 6 AAI airports?

Airlines fly into audit red-flags over 'going concern' claims

Follow Economic Times Airlines / Aviation Section, For The Latest News!
Like 88

http://economictimes.indiatimes.com/news/news-by-industry/transportaorate-airline-venture-tata-sia-airlines-ltd/articleshow/25550117.cms

Page 2 of 4

Tata, SIA incorporate airline venture- Tata SIA Airlines Ltd - The Economic Times

10/11/13 5:24 pm

Have something to say? Post your comment


Comments are moderated and will be allowed if they are about the topic and not abusive.

Your comment

Characters remaining (1500)

Readers' opinions (1)


NEWEST OLDEST MOST DISCUSSED

TRK (Pune) 2 Hours ago

Hope, Tata expertise and SA's resources take the new airline to new heights.

Agree (0) Disagree (0) Recommend (0) Offensive

INFOCUS ON ET TODAY
TOP STORIES

Battleground Bastar: Chhattisgarh goes to polls on Monday under the Naxal gun

Chennai Metro Rail test run flagged off

Manmohan Singh ranked world's most powerful Sikh


Prime Minister Manmohan Singh has been listed as the world's most powerful, influential and contemporary Sikh.

Revealed! Harley10 out of the world Davidson's entry-level images of space bikes for GenNext released by NASA

PERSONAL TECHNOLOGY

How to fix the 7 most common problems with iOS

Google's Android Kit Kat OS: Review: LG tablet has phone Google Nexus 10 features alerts, multitasking features in th

EMERGING ENTERPRISE

http://economictimes.indiatimes.com/news/news-by-industry/transportaorate-airline-venture-tata-sia-airlines-ltd/articleshow/25550117.cms

Page 3 of 4

Tata, SIA incorporate airline venture- Tata SIA Airlines Ltd - The Economic Times

10/11/13 5:24 pm

What makes Israel an innovation hub

Taxi rental startups plan to share traffic data with govt

Startups collaborate with peers to find customers and earn revenue

Why Indian st Gecko sees p

Get a Quote
Type Company Name
Get Quote

Browse Companies
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z | 1 2 3 4 5 6 7 8 9

Home | News | Markets | Personal Finance | Mutual Funds | Infotech | Jobs | Opinion | Features | Videos | My Portfolio | Budget 2013

Live Market

News

Portfolio

Mobile

Live TV

Newsletter

Commodities

Speed

QnA

Blogs

Alerts

Other Times Group news sites


Times of India | !"#$%&" '(!)* !"#$#%&" '(!)* | Mumbai Mirror Times Now | Indiatimes #+,(-. '(!)* | &/(-(01 '(!)* !"# $%&'$ | Lifehacker Gizmodo | Eisamay

Living and entertainment


Timescity | iDiva | Bollywood Zoom | Healthmeup | Luxpresso Technology | Guylife | Online Songs

Hot on the Web


Breast Feeding | Online Shopping Movie Review Videos | Miss India Used Cars in Chandigarh | Bike Price India

Services
Book print ads | Online shopping | Free SMS | Website design | CRM | Tenders Matrimonial | Ringtones | Astrology | Jobs | Property | Buy car | Bikes in India Used Cars | Online Deals | Restaurants in Delhi | Movie Show Timings in Mumbai Remit to India | Buy Mobiles | Listen Songs

Networking
itimes | Dating & Chat | Email MensXP.com

About us / Advertise with us / Terms of Use and Grievance Redressal Policy / Privacy Policy / Feedback / Sitemap / Code of Ethics

Copyright 2013 Times Internet Limited. All rights reserved.

http://economictimes.indiatimes.com/news/news-by-industry/transportaorate-airline-venture-tata-sia-airlines-ltd/articleshow/25550117.cms

Page 4 of 4