New Delhi: This year, India emerged as one of the most promising aviation markets in the world, with three international airlines announcing investment plans here. While Abu Dhabi-based Etihad Airways sealed a Rs 2,058-crore deal for a 24 per cent stake in Jet Airways, the Tata Group made a resounding comeback in the aviation industry, forging tie-ups for two start-up airline ventures. It signed an agreement with Malaysian budget carrier AirAsia Berhad and, separately, with Singapore Airlines for a full-service carrier.
Early last week, airline grouping Star Alliance gave a go-ahead to integrate its network with state-owned Air India, while Singapore-based TigerAir tapped into the lucrative India-Southeast Asian market by entering into an interline agreement with SpiceJet, India's second-largest low-cost carrier.
Membership in the 28-member Star Alliance will ensure shared benefits to Air India, seamless travel to its passengers, usage of frequent flier points redeemable with any member airline, and global connectivity. TigerAir's alliance with SpiceJet will enable it to carry passengers from 20-odd cities in India to Singapore, via Hyderabad.
Read News In full 31/12/13 Sharmistha Mukherjee/Business Standard
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