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The Big Story: Air India is losing billions. Is SIA's long-term bet still worth it?
Singapore Airlines’ investment in Air India is facing fresh scrutiny after the Indian carrier reportedly sought around US$1.5 billion in fresh funding from its owners. SIA holds a 25.1 per cent stake in Air India, and its share of the airline’s losses came to about $945 million in the last financial year. Air India and Air India Express, meanwhile, recorded combined losses of more than US$2 billion. So why does SIA remain committed to the investment? Is Air India still a strategic long-term bet worth backing or is it time for SIA to cut its losses and walk away? On The Big Story…
The skinny
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