SIA's stake in Air India falls by S$334 million over 6 months in 2026
SIA chief executive officer Goh Choon Phong remained optimistic about India's aviation market.
Singapore Airlines (SIA) reduced its stake in Air India by S$334 million over a six-month period in 2026, according to its interim financial statements released in November. The decrease in value was primarily due to the reversal of provisions made in previous years, rather than an improvement in Air India's performance. SIA's investment in Air India, which was initially valued at around S$2 billion, is now worth S$799.9 million.
Despite the losses, SIA CEO Goh Choon Phong expressed optimism about the Indian aviation market, citing Air India's extensive frequent-flyer programme and Tewolde Gebremariam's efforts to boost revenue and control costs. The two airlines also recently expanded their partnership, offering more flight options between Singapore and eight Indian cities.
Brief written by urgent.news from Mothership's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
