Ratan Tata meets Ajit, denies any talks about proposed JV airline

by Paul Joseph on March 2, 2013 · 0 comments

Ratan Tata, the chairman emeritus of the slat-to-software Tata Group, on Friday met civil aviation minister Ajit Singh; triggering speculation that he might have discussed the launch of the proposed joint venture (JV) airline. Malaysia-based carrier AirAsia had recently announced its plans to set up a new low-fare airline, in partnership with Tata Sons and Telestra Tradeplace’s Arun Bhatia. However, sources in the aviation ministry described Ratan Tata’s meeting with the minister as a courtesy call, and insisted that no discussions took place about the proposed airline. read more

[via Stock Watch - Stock Specific News]

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