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…
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Malaysia sees an opening in the Gulf travel disruption caused by the Iran war, pitching itself as a Muslim-friendly destination for travellers seeking halal food, prayer facilities and family-focused holidays.
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Singapore MP opposes Temasek funding for Air India amid US$1.5 billion plea
A Singapore opposition lawmaker has urged that state investor Temasek’s money not be used to shore up Air India, after the Indian carrier had asked owners Tata Sons and Singapore Airlines, which Temasek majority-owns, for US$1.5 billion.
Kenneth Tiong, a member of parliament for the opposition Workers’ Party, said in a social media post on Wednesday that because Singapore Airlines owns about 25 per cent of Air India and Temasek in turn owns most of the Singapore carrier, the request was “not…
As the US and China compete over AI, Asean must secure strategic autonomy
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