RAMPING UP COMPETITION ( ‘Tata-SIA to bring global best practices’ ) Indian airlines can now look forward to global best practices in aviation. In its application filed for seeking clearance to the Tata-Singapore Airlines (SIA) JV airline, the Tatas have told FIPB that SIA’s high standards will lead to “international best practices and induction of state-of-the-art technologies in the Indian air transport sector.” “The participation of an internationally reputed full service passenger service airline operator in the JV company would increase the competitiveness… in India and lead to provision of better services at competitive rates,” the application says. The application has cited eight distinct economic benefits to make the case for clearing this JV in which Tatas will have 51% stake and SIA the rest. “The establishment of the JV company will lead to generation of employment opportunities for qualified pilots, technicians, managers and skilled labour in India,” it says, while adding that the JV would help create scores of jobs in the country. The other “benefits to the Indian economy” include making the Indian aviation industry more competitive; enhance business opportunities for stakeholders and significant foreign exchange earnings in India. The JV proposes to do “renting and leasing (except financial leasing) of aircraft”, apart from providing “supporting services to air transport, like operation or airport flying facilities, radio beacons, flying control centres and radar stations etc”. The joint venture will “provide access to the global network of SIA”.
Posted on: Thu, 26 Sep 2013 07:51:20 +0000
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