Indian business conglomerate Tata Sons and Singapore Airlines announced plans on Thursday to form a new full-service airline based in New Delhi.
Tata Sons will own 51% and Singapore Airlines will own the remainder.
Tata Airways was India’s largest airline before the government nationalized it in 1953 and rebranded it Air India.
The government last year again began allowing private investment in India’s airline indiustry.
Now foreoign carriers can own up to 49% interest in local airlines.
Tata in February also announced a joint venture to launch a low-cost airline.
