The Tata Group, which pioneered commercial aviation in India is getting back into the airlines business.
The Tatas have struck a deal with Singapore-based BJETS to launch a private jet company. BJETS has not revealed the size of Tata Group's investment in the company. However, the Tatas will buy 50 private jets for USD 600-million from BJETS. The company expects to start flight operations in May out of Singapore. In India, operations are expected to be based out of the new Hyderabad international airport.
The Vice Chairman of the Tata Group is clearly excited about the deal.
“BJETS will set a new standard in the way we fly and do business in Asia. The Indian Hotels Company is very proud to be an investor in this landmark venture. This will further underline the luxury experience which the Taj is known for.” Krishna Kumar says. (Money Control)