Nod for Tata SIA Airlines sending out positive signals: analysts

Aviation industry analysts have welcomed the government's approval to Singapore Airlines' proposal to start an aviation venture with Tata Sons.
"Welcome news. This sends our very positive signals to the global investor community," Amber Dubey, partner and head for aerospace and defence at global consultancy KPMG, said in a statement on Thursday.
Earlier in the day, Economic Affairs Secretary Arvind Mayaram said the Foreign Investment Promotion Board (FIPB) has cleared the Tata-SIA proposal.
When contacted, a Tata Group spokesperson said the company is still awaiting a formal communication from the government in this regard.
Expressing confidence that Tata SIA Airline Ltd has the potential to be among the top three airlines in India by 2015, Mr Dubey said the government now must do away with the rules that bar domestic carriers from flying international unless they complete five years of operations and have 20-aircraft fleet.
Read news in full 25/10/13 PTI/NDTV.com