Business
SINGAPORE AIRLINES FACES A $1.5-BILLION AIR INDIA DILEMMA — WALKING AWAY COULD COST EVEN MORE
SINGAPORE — Singapore Airlines (SIA) is facing a difficult choice over its investment in loss-making Air India: continue funding a costly turnaround or risk taking an even bigger hit by walking away. The dilemma has intensified after Air India and its budget subsidiary, Air India Express, reported combined losses of about US$2.33 billion for the financial year ended March 2026, more than double the previous year's losses. At the same time, Air India has reportedly sought around US$1.5 billion i
