Jeffrey Siow & Kenneth Tiong debate over SIA's Air India investment in Parliament
Sep. 8 parliament sitting.
Minister of Transport Jeffrey Siow and Workers' Party MP Kenneth Tiong debated Singapore Airlines (SIA) investment in Air India during a September 8 Parliament sitting. Tiong pressed Siow for clarification on the risk limits and notification duty under Section 67B of the CAAS Act, citing SIA's net debt and losses. Siow countered that SIA funds its investments from its own balance sheet, cash reserves, and undrawn credit facilities, and that Air India's finances are separate from SIA's.
Tiong challenged Siow on SIA's debt and losses, but Siow clarified that most of SIA's debt is long-term and its liabilities are well within its cash reserves.
Written by urgent.news from Mothership's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
