Amarchand Mangaldas and AZB & Partners are the legal advisors on Tata Sons and Singapore Airlines Ltd. (SIA) joint venture to set up a new full-service airline in India..Last month, Tata Sons and SIA announced that they will jointly invest $100 million to set up the full-service airline of which Tata Sons will own 51% stake and Singapore Airlines the rest..Amarchand Mangaldas is acting for Singapore Airlines with a team led by Mumbai Managing Partner Cyril Shroff along with Partner Indranath Bishnu..AZB & Partners is advising Tata Sons with a team led by Mumbai Managing Partner Zia Mody along with M&A Partner Shuva Mandal..Subject to FIPB and other regulatory approvals, the airline will be based in New Delhi and will operate under the full-service model, according to the company press release.
