Temasek backs Singapore Airlines' Air India investment amid growing scrutiny

Singapore state investor Temasek has expressed support for Singapore Airlines' investment in Air India, despite growing scrutiny over its stake in the loss-making Indian carrier. Air India has requested about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines, a move that has prompted concerns from some quarters.

Singapore's opposition lawmaker Kenneth Tiong has urged that Temasek's funds not be used to shore up Air India, while a commentary in Singapore's Business Times argued that Singapore Airlines could not realistically exit its Air India stake. In response to these concerns, Juliet Teo, joint head of portfolio development at Temasek Singapore, stated that the company views Singapore Airlines' decision to invest in Air India as a long-term perspective and is supportive of it.

Temasek did not address whether it would support any capital contribution by Singapore Airlines to Air India.

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