Air India investment funded internally, represents long-term strategic commitment: SIA
Singapore Airlines (SIA) has announced that its investment in Air India is funded through the airline's internal resources and will continue to be a long-term strategic commitment. This follows a parliamentary exchange between Transport Minister Jeffrey Siow and Workers' Party MP Kenneth Tiong regarding the national carrier's minority stake in the loss-making Indian airline.
The investment, which amounts to a 25.1% stake in Air India Group since November 2024, aligns with SIA's multi-hub strategy, enabling direct participation in India's key growth market outside Singapore. The spokesperson stated that SIA's financial position is one of the strongest in the industry, with cash reserves totaling about S$10.4 billion, and the investment receives the full attention of the SIA board.
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