Temasek Backs Singapore Airlines’ Investment in Air India Amid Scrutiny
Temasek Holdings has reaffirmed its support for Singapore Airlines’ strategic investment in Air India, despite mounting questions from investors and regulators in Singapore. The backing underscores confidence in the joint venture’s long-term growth potential in the Indian aviation market.
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Temasek backs Singapore Airlines’ Air India investment amid growing scrutiny
Singapore state investor Temasek, the majority shareholder of Singapore Airlines , on Saturday backed the airline’s investment in Air India, as scrutiny grows over its stake in the loss-making Indian carrier. Air India’s request for about US$1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines was first reported by Reuters this week. Singapore Airlines owns 25.1 per cent of India’s second-largest airline, with the rest owned by Tata. News of the funding request prompted...
By Reuters
Read full article →Singapore Airlines owner Temasek backs Air India investment amid concerns in city-state
By Sukalp Sharma
Read full article →Temasek backs SIA's Air India investment amid growing scrutiny
Air India's request for about US$1.5 billion in fresh equity from owners Tata Sons and SIA has drawn questions about the Singapore carrier's decision to invest in it.
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