Vistara is an Indian airline established as a joint venture between Tata Sons and Singapore Airlines. What is the share of Tata Sons in the joint venture?
Vistara is an Indian airline established as a joint venture between Tata Sons and Singapore Airlines. What is the share of Tata Sons in the joint venture?
[A]49 per cent
[B]51 per cent
[C]75 per cent
[D]79 per cent
51 per cent
The Vistara airline is a joint venture between Tata Sons and Singapore Airlines. The new carrier was announced in 2013 and will be a full-service airline based in New Delhi. The two companies will initially invest a combined US$100 million to start the carrier, with Tata Sons owning 51 per cent and Singapore Airlines (SIA) owning the remaining 49 per cent.