"No issue on SIA and Tata": Tony Fernandes
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"No issue on SIA and Tata": Tony Fernandes

Last Updated: Saturday, September 28, 2013, 14:57
 
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Chennai: Clearing the air with regard to the Tatas signing MoU with Singapore Airlines, AirAsia Group CEO Tony Fernandes today said there was no issue between him, Singapore Airlines and Tatas.

"I have and continue to have no issue on SIA (Singapore Airlines) and Tata. No difference to Ginger and Taj Hotels. These are two very separate business", Fernandes said in social networking portal -- Twitter.

Tata Sons, the holding company of the Tata Group, signed a memorandum of understanding with Singapore Airlines for a joint venture to start a new full service airline in India

The new venture, to be called Tata SIA Airlines Ltd, would have Tata Sons as the majority partner with 51 percent stake, while Singapore Airlines would hold 49 percent stake with USD 49 million of foreign direct investment.

Meanwhile, the AirAsia India's first board meeting is scheduled to be held in Mumbai later today.

Commenting about it, Fernandes said, "first Air Asia India Board meeting. Superb cooperation between partners. I am confident we will make profits in first year and change aviation".

However, Fernandes would skip the board meeting as he was in Indonesia. "In Jakarta. Good Quarter. Adding more aircraft to Indonesia", he said.

PTI



First Published: Saturday, September 28, 2013, 14:57


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