Despite opposition, support pours in for Tata-SIA airlines

Pilots, engineers, non-profit organizations and even state airline Air India is not opposing the Tata's re-entry into aviation.

The Tata Group's plan to launch a full-service carrier with Singapore Airlines may not find support among its rivals but, support is pouring in for the airline from all corners, reports Tarun Shukla, reporter, Livemint.

Pilots, engineers, non-profit organizations and even national carrier Air India is not opposing the Tata's re-entry into aviation.

Also Read: Tata-SIA airline to lease 20 A-320 planes to launch flights

Only the lobby group of Federation of Indian Airlines, which includes IndiGo, Jet Airways ,  SpiceJet and GoAir is opposing the move.

Lots of pilots and engineers have infact been writing to the regulator DGCA to give go ahead to Tata-SIA as it is going to give them jobs. After Kingfisher Airlines went down a lot of pilots and engineers are left without jobs.

Going ahead, because the matter is already with DGCA, it will review the comments received so far. Tata-SIA is expecting a launch by October.

The opposition from lobby group FIA is not expected to have much of an impact and Tata-SIA is likely to sail through unless it runs into legal hurdles.

Jet Airways stock price

On June 04, 2014, Jet Airways closed at Rs 257.70, up Rs 1.15, or 0.45 percent. The 52-week high of the share was Rs 499.00 and the 52-week low was Rs 210.25.

The latest book value of the company is Rs -350.63 per share. At current value, the price-to-book value of the company was -0.73.

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