Singapore defends flag carrier's Air India bet, cites need to expand overseas
SINGAPORE/NEW DELHI: Singapore’s government defended Singapore Airlines’ stake in Air India on Tuesday, saying the flag carrier must expand overseas to grow and the investment’s outcome was for the company and its shareholders to judge. The remarks, made in parliament, cap two weeks of public scrutiny over a request by Air India for about $1.5 billion of fresh equity from owners Tata Sons and…
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