As per the FIPB agenda, the proposal will be taken up on October 18.
The venture, to be called Tata SIA Airlines Ltd, will have Tata Sons as the majority partner with a 51 per cent stake, while Singapore Airlines will hold a 49 per cent stake.
The companies had announced a pact to set up the airline with an initial investment of $100 million on September 19.
Singapore Airlines has approached the FIPB headed by Economic Affairs Secretary Arvind Mayaram for permission to invest $49 million in the proposed
Hope to get nod for airline joint venture with SIA: Tata Sons
FIPB may consider Tata-SIA airline proposal on Oct 18
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