Reuters
Temasek backs Singapore Airlines' Air India investment amid growing scrutiny
xCruzo Brief
Singapore state investor Temasek, the majority shareholder of Singapore Airlines, said on Saturday it backs the airline’s planned investment in Air India. The move comes as scrutiny rises over Singapore Airlines’ exposure to the loss-making Indian carrier. Temasek’s endorsement signals support from the shareholder most closely tied to the airline’s strategic decisions, even as questions intensify around financial risk and performance at Air India. The report was filed from New Delhi on Aug. 29 by Reuters, with editing by Stephen Coates. Further details of the investment were not provided in the brief report.
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