S’pore defends Air India bet as part of overseas growth
Photo: theSun
SINGAPORE: Singapore’s government defended Singapore Airlines’ stake in Air India yesterday, saying the flag carrier must expand overseas to grow and the
From the original report
The remarks, made in parliament, cap two weeks of public scrutiny over a request by Air India for about US$1.5 billion (RM6.1 billion) of fresh equity from owners Tata Sons and Singapore Airlines that was first reported by Reuters.
An opposition lawmaker objected to using any funds from Temasek, the state investor that majority-owns Singapore Airlines, to back the Indian carrier. Temasek then publicly supported Singapore Airlines, which holds a 25.1% stake in Air India.
…
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About this story
- Source
- theSun
- Originally published
- Sep 8, 2026
- Updated here
- Sep 8, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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