Tata Sons, the Indian conglomerate that owns Taj Hotels, signed an agreement with Singapore Airlines to establish a new airline in India.
The companies said the airline, with Tata holding a 51% stake, will be based in New Delhi and will operate as a full-service carrier.
At the outset, the chairman of the three-member board will be Tata executive Prasad Menon, who referred to the venture as “a world-class, full-service airline.”
The companies said further details will be revealed “in due course.”
Tata is a highly diversified firm with interests in engineering, energy, consumer products, financial services and other fields.