Temasek Backs SIA Air India Stake
Temasek voiced support for Singapore Airlines investment in Air India as the carrier faces scrutiny over mounting losses and a request for fresh equity. The transformation involves complex multi-year challenges.
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Temasek backed Singapore Airlines over its investment in Air India, supporting the carrier on Saturday amid scrutiny over a $1.5 billion equity request. The backing follows mounting questions from opposition lawmakers in Singapore regarding the financial exposure to the loss-making carrier in India . The airline holds a 25.1% stake in the Indian carrier, while the remainder is owned by Tata Sons.
