The Tata group's joint venture with Singapore Airlines to set up a full-service carrier in India appeared to have flown into an air pocket on Friday, with one of the Indian conglomerate's partners in an earlier low-cost airline venture hitting out at the decision, calling it "unethical" and saying he was shocked to hear the news.
Arun Bhatia, whose Telestra Tradeplace is one of the partners in AirAsia India, the soon-to-be-operational three-way venture that also includes Malaysia's AirAsia and Tata Sons, told ET NOW that he was completely in the dark about any talks for the full-service carrier between the Tatas and SIA.
"I was shocked to hear about Tata Sons' new JV with Singapore Airlines. Tatas should have informed me also. They kept me in the dark. It is unethical on their part to get into two joint ventures at the same time. How can they maintain secrecy of operations in two airlines and run them profitably at the same time?" asked Bhatia.
Compounding the problem is the suggestion that the Tatas had kept AirAsia informed about its talks with Singapore Airlines, but had not taken into confidence its other partner.
Read News in full 21/09/13 Sumit Chaturvedi/Economic Times
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