Singapore Airlines says India investments have been and will remain internally funded
Air India’s transformation is a “complex, multi-year programme and is not expected to be linear”, SIA says.
Singapore Airlines (SIA) has reaffirmed that its investments in India, specifically in the form of its stake in Air India, will continue to be funded through internal resources. This comes after questions were raised in the Singapore parliament regarding the assessment of losses from SIA's foreign associates and their impact on the company's capacity to provide essential transport services.
SIA's investments in India are subject to board approval and its disciplined capital allocation framework, and the company holds strong financial reserves, including S$10.48 billion in cash as of June 30.
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