Air Asia India, Tata-SIA will compete ‘constructively’: Ratan Tata

03 Jul 2014

1

Ratan Tata, the former chairman of Tata Sons, said in Bangalore today that the two new airlines in which the Tata group is a major partner – Air Asia India and Tata-SIA – will compete with each other, but will do so ''constructively''.

Tata, who remains an adviser to the AirAsia India board, made an unexpected appearance at the AirAsia press conference to officially launch the airline's Bangalore operations.

The Tata Group has joined hands with AirAsia Group Bhd of Malaysia to float low-cost Air Asia India, and with Singapore Airlines Ltd (SIA) for a full-service airline. AirAsia and the Tata group have already made clear that the two airlines will operate in different spaces.

Ratan Tata, who retired as Tata Sons Ltd chairman in December 2012, said, ''There is place for both a budget airlines like AirAsia India and a full-service airline like Tata-SIA. There is a huge market to allow both segments to compete.''

Arun Bhatia, whose Telestra Tradeplace Pvt Ltd is one of the partners in Air Asia India, had earlier said that it was unethical for the Tata Group to enter two joint ventures at the same time. Bhatia was not present at today's conference.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more