Business
SIA Keeps Betting on Loss-Making Air India — But a US$1.5 Billion Funding Request Could Test How Long the ‘Long Game’ Can Last
SINGAPORE — Singapore Airlines’ investment in Air India is entering perhaps its toughest test yet: the Indian carrier is burning through billions during a massive overhaul, its owners have been approached for another US$1.5 billion in fresh equity, and Tata Sons has warned that a full turnaround could take as long as a decade. Yet SIA is showing no sign that it is ready to abandon the bet. The Singapore carrier holds a 25.1% stake in Air India, with Tata Sons controlling the rest. SIA obtained
