Temasek Backs Singapore Airlines’ Strategic Investment in Air India
Singapore’s state-owned investment firm Temasek has publicly backed Singapore Airlines’ proposed stake in Air India, citing long-term strategic value. The endorsement aims to ease domestic regulatory concerns surrounding the cross-border aviation deal.
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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
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By Sukalp Sharma
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