Singapore Airlines Defends Air India Investment, Adds Relief Flights for Krakatau Disruption
Singapore Airlines' CEO Jeffrey Siow stated that the airline's investment in Air India is not a liability, while the airline also added eight relief flights between Singapore and Jakarta for customers affected by the Mount Anak Krakatau eruption.
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Singapore Air Backed by Government on Overseas Push, Air India
The Singapore government is backing Singapore Airlines investment in foreign carriers, including its financial support for loss-making Air India, as the company seeks to strengthen its position abroad.
By Danny Lee
Read full article →Minister defends Singapore Airlines’ Air India stake amid scrutiny, racist rants
Singapore’s transport minister on Tuesday defended Singapore Airlines’ investment in Air India, saying the city state’s flag carrier must grow overseas because there is a limit to how many people will fly to or from Singapore. Responding to a question in parliament, Minister Jeffrey Siow said the flag carrier was a listed company that funded investments from its own balance sheet and it had not sought further capital from shareholders. The airline is majority owned by Singapore state investo...
By Reuters
Read full article →Air India's losses do not automatically become SIA's liabilities: Jeffrey Siow - The Straits Times
Air India's losses do not automatically become SIA's liabilities: Jeffrey Siow The Straits Times
Read full article →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.
Read full article →Singapore minister defends Singapore Airlines’ investment in Air India
Singapore's transport minister on Tuesday defended Singapore Airlines' investment in Air India, saying the city-state's flag carrier must grow overseas because there is a limit to how many people will fly to or from Singapore.
By Abubakar Ibrahim
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