Singapore defends Singapore Airlines’ 25.1% Air India stake as carrier seeks $1.5 billion from owners
Singapore’s government backed Singapore Airlines’ investment in Air India, saying overseas expansion is essential to the flag carrier’s growth and that shareholders must judge the outcome. The defense comes as Air India seeks an additional $1.5 billion in equity from Singapore Airlines and Tata Sons, after the partners invested more than $1 billion in FY2024/25.