 The airline was founded in 2013 as a joint venture ( JV ) between India 's conglomerate Tata Sons and Singapore Airlines ( SIA ) . The two companies had made a bid in the mid @-@ 1990s to launch a full service carrier in India that was unsuccessful , being denied regulatory approval by the Indian government . With India opening up its airline sector for 49 percent foreign direct investment ( FDI ) in 2012 , Tata and SIA once again decided to float a JV airline company in India . The JV , Tata SIA Airlines Limited ( TSAL ) , was envisaged as a premium full @-@ service carrier to cater to the demands of high @-@ end business travellers in India 's civil aviation market dominated by low @-@ cost carriers . India 's Foreign Investment Promotion Board approved the JV in October 2013 , allowing SIA to take a 49 percent stake in the airline . The two parent companies initially pledged to invest a combined US $ 100mn as start @-@ up capital , with Tata Sons owning 51 percent and Singapore Airlines owning the remaining 49 percent . This was part of Tata 's second major foray into the aviation sector along with a minority stake in AirAsia India . The company 's first venture , Tata Airlines , was established in the 1930s and later became the flag carrier Air India after nationalization . 
 The airline was founded in 2013 as a joint venture ( JV ) between India <a href='null_genetive' title='1'><mark>'s</mark></a>conglomerate Tata Sons and Singapore Airlines ( SIA ) . The two companies <a href='been_done' title='2'><mark>had</mark></a> made a bid in the mid @-@ 1990s to launch a full service carrier in India <a href='null_relcl' title='3'><mark>that</mark></a>was unsuccessful , being denied regulatory approval by the Indian government . With India opening up its airline sector for 49 percent foreign direct investment ( FDI ) in 2012 , Tata and SIA once again decided to float a JV airline company in India . The JV , Tata SIA Airlines Limited ( TSAL ) , was envisaged as a premium full @-@ service carrier to cater to the demands of high @-@ end business travellers in India <a href='null_genetive' title='4'><mark>'s</mark></a>civil aviation market dominated by low @-@ cost carriers . India <a href='null_genetive' title='5'><mark>'s</mark></a>Foreign Investment Promotion Board approved the JV in October 2013 , allowing SIA to take a 49 percent stake in the airline . The two parent companies initially pledged to invest a combined US $ 100mn as start @-@ up capital , with Tata Sons owning 51 percent and Singapore Airlines owning the remaining 49 percent . This was part of Tata <a href='null_genetive' title='6'><mark>'s</mark></a>second major foray into the aviation sector along with a minority stake in AirAsia India . The company <a href='null_genetive' title='7'><mark>'s</mark></a>first venture , Tata Airlines , was established in the 1930s and later became the flag carrier Air India after nationalization . 
Da airline was founded in 2013 as a joint venture ( JV ) between India  conglomerate Tata Sons and Singapore Airlines ( SIA ) . The 2 companies done made a bid in the mid @-@ 1990s to launch a full service carrier in India was unsuccessful , being denied regulatory approval by tdaIndian government . With India opening up its airline sector fa 49 percent foreign direct investment ( FDI ) in 2012 , Tata and SIA once again decided to float a JV airline company in India . The JV , Tata SIA Airlines Limited ( TSAL ) , was envisaged as a premium full @-@ service carrier to cater to thdaemands of high @-@ end business travellers in India  civil aviation market dominated by low @-@ cost carriers . India  Foreign Investment Promotion Board approved the JV in October 2013 , allowing SIA to take a 49 percent stake in the airline . The tw2arent companies initially pledged to invest a combined US $ 100mn as start @-@ up capital , with Tata Sons owning 51 percent and Singapore Airlines owning the remaining 49 percent . dis was part of Tata  second major foray into the aviation sector along wid a minority stake in AirAsia India . The company  first venture , Tata Airlines , was established in the 1930s and later became the flag carrier Air India after nationalization .