Air India investment has ‘not adversely affected’ SIA’s ability to serve Singaporeans for now: Jeffrey Siow
The investment’s viability is a commercial matter between the group and its shareholders, he adds
Singapore's Transport Minister Jeffrey Siow told Parliament that Air India's reported request for a US$1.5 billion equity injection from its majority shareholder, Singapore Airlines (SIA), has not adversely affected the latter's ability to serve Singaporeans. Siow emphasized that the viability of SIA's investment in Air India is a commercial matter between the two entities.
The CAAS assesses SIA's overall financial health, including its capacity to provide essential transport services, which currently shows no adverse impact from the investment. SIA, which holds a 25.1% stake in Air India, has recorded a S$945.2 million loss for the 2026 financial year. SIA funds its investments from its earnings, maintaining over S$10 billion in cash reserves and undrawn credit facilities.
Tiong, however, pointed out that SIA is in net debt, with S$10.5 billion in cash against S$10.7 billion in debt as of June 30. He also questioned the timeline for Air India's turnaround and the potential implications of further cash infusions from SIA's majority shareholder, Temasek.
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