Singapore Airlines Group says it is still open to putting more capital into Air India. The board will consider any funding request alongside its other investment priorities. They will also look at Air India’s current business strategy before making a decision. The airline confirmed this in a July 17 response to shareholder questions.
A Key Pillar of Singapore Airlines’ Multi-Hub Strategy
Singapore Airlines currently holds a 25.1 per cent stake in Air India. This happened after Air India merged with Vistara in November 2024. The group says this investment is key to its multi-hub strategy. It gives Singapore Airlines access to India’s domestic market and international travel routes. Singapore Airlines’ chief executive sits directly on Air India’s board. The group also provides aviation expertise to support Air India’s transformation programme. Singapore Airlines has placed executives in operational, engineering and maintenance roles too. These placements support the Indian carrier’s broader restructuring efforts on the ground.
Photo Courtesy: Air India
Losses Mount Despite Continued Confidence
Singapore Airlines reported SGD945.2 million in losses from Air India for the year ending March 31, 2026, according to its latest filing. The value of its stake dropped to SGD1.1 billion from SGD2 billion. Air India also posted a SGD 3.77 billion after-tax loss for that year.
Air India Faces Multiple Operational Headwinds
Singapore Airlines said Air India is making real progress despite these losses. The airline is still dealing with high fuel prices and a weaker rupee. Supply chain problems and the closure of Pakistan’s airspace have added more challenges. The 2025 Boeing 787-8 crash, which killed over 240 people, also had a big impact. The airline had previously sought additional funding from its ownership group. Singapore Airlines has since reaffirmed its support despite the carrier’s steep losses. The airline’s board will continue reviewing capital requests against its broader group strategy.
