reuters.com

Singapore Defends Singapore Airlines' Air India Investment as Losses Persist

Singapore Airlines logoSingapore Airlines
Sig2.85Sen-0.25Env0.00Soc0.00Gov+0.95

Temasek publicly backed its support for Air India, where Singapore Airlines holds a 25.1% stake. In parliament, Transport Minister Jeffrey Siow said the listed carrier funds investments from its own balance sheet and has not sought additional shareholder capital. The minister argued tougher overseas years are part of global competition, as Air India’s losses widened to $2.33 billion and its turnaround may take up to a decade, following questions over the funding request.

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