New Delhi: The Union Home Ministry is vetting the names of top bosses of the new Tata Sons, Singapore Airlines joint venture for security clearance, a major pre-requisite for the start-up carrier to get an NOC from the Civil Aviation Ministry.
Tata-SIA have applied to the Civil Aviation Ministry for a NOC to start a full-service airline in India. The joint venture received approval from the Foreign Investment Promotion Board (FIPB) to set up Tata-SIA Airlines in October last year.
As per rules, the Directors on the Board of a new venture have to get security clearance from the Home Ministry, only after which can they get an initial NOC. After receiving the NOC, the airline venture has to apply to the Directorate General of Civil Aviation (DGCA) for a flying permit.
Read News in full 14/01/14 PTI/Financial Express
No comments:
Post a Comment