Singapore Airlines , backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, said two people familiar with the matter.
Singapore Airlines' 25.1% stake in Air India has come into focus following news that Air India was seeking an additional $1.5 billion in fresh equity from its owners, Singapore Airlines and Tata Sons.
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.
Singapore Airlines posted its first quarterly net loss since 2022 despite higher revenue, dragged by soaring jet-fuel prices amid Middle East tensions and a higher share of losses from Air India.
I spent nearly 12 hours flying first class on a Singapore Airlines flight from LA to Tokyo. The onboard service and food were excellent, and the comfortable seat made sleeping easy.
Singapore Airlines is in discussions with Airbus and Boeing for the purchase of at least 50 of the industry's biggest jets as it plans the next phase of its growth from next decade, industry sources said.
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