SIA’s carrying value of its Air India investment down a further S$335 million
The decline accounts for Singapore Airlines’ share of losses from the Indian carrier, based on the equity method
Singapore Airlines (SIA) reported that its investment in Air India has decreased by an additional S$334.7 million over the past six months, as the Indian carrier continued to record losses. The carrying value of SIA's investment in Air India, as of the end of September, fell to S$799.9 million, down from S$1.1 billion at the end of March.
This decline is attributed to SIA's share of Air India's losses during the first half of FY2027, which amounted to S$361.7 million, compared to S$429.5 million in the same period last year. The reduction in value was not a result of improving financial performance at Air India, but rather due to the reversal of provisions made by SIA in prior years.
SIA holds a 25.1% stake in the merged Air India, following its merger with Vistara in November 2024.
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