Mumbai: Tata Global Beverages Ltd said on Tuesday that an overseas unit of the company has invested in Bjets Pte Ltd, a Singapore-based company engaged in the business of owing and operating private jets.
Tata Global did not disclose details of the investment or the size of the stake that the company owns. In February 2008, Bjets had said that it aims to become Asia’s largest business jet operator with Tata Group as a significant investor.
An alliance was announced in February last year involving G.R. Gopinath’s aviation services company Deccan Charters Ltd, Taj Air, the airplane charter company of the Tata group’s Indian Hotels Co. Ltd, and Bjets.
Besides the marketing alliance, Deccan Charters will provide maintenance and operational support for Bjets’ planes.