Singapore Airlines to ‘carefully consider’ capital infusion requests from loss-making Air India
Singapore Airlines, the majority shareholder in Air India, announced on Thursday that it would carefully evaluate any capital infusion requests from the loss-making airline. The city-state's flag carrier stated that it would take into account the SIA group's other capital requirements and Air India's overall business strategy. Air India, which is under Tata Sons ownership, is facing significant challenges, including an ambitious transformation program, Pakistani airspace closure, West Asia conflict-related disruptions, and soaring fuel prices.
The airline recently sought approximately $1.5 billion from its shareholders. Singapore Airlines' spokesperson emphasized the company's commitment to supporting Air India's transformation while ensuring its own financial stability.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
