In December 2012, Ratan Tata had said that he would hesitate to enter the aviation business. Today the group has announced yet another joint venture. What has changed since then
Two key things have changed. First, greenfield airlines were allowed under foreign direct investment norms and we got a partner in Singapore Airlines, which is considered as one of the best airlines in the world.
Between the two, who approached whom
We were approached by SIA with a proposal to start an airline in the country.
Your group also owns 30 per cent stake in AirAsia India. Was Tony Fernandes in the know about this deal
Singapore Airlines investment is not in conflict with our earlier investment in AirAsia India. All our partners in AirAsia India were aware of our talks with SIA and they have been very supportive in their approach.
Will Tata Groups representation in AirAsia change with the deal
Our ownership and representation on the board of AirAsia India will remain the same.