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India and Singapore sign a deal for maintenance

Singapore - Singapore will be offered 49% and India will retain 51% of the shares

The Civil Aviation Ministry in India announced a new joint-venture with Singapore International Airlines (SIA) which will provide for maintenance and repair of the Indian Airlines (IA) fleet and the servicing of international jetliners in India. The SIA will be offered 49% and Indian Airlines will retain 51% of the shares in the venture, which will ensure the Ministry not to seek any approval from...

AVIONEWS - World Aeronautical Press Agency - 54223
Rome, Italy, 10/28/2003 17:30
AVIONEWS - World Aeronautical Press Agency

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