Singapore government said it will not interfere in any decision that Singapore Airlines Ltd. makes in Air India Ltd
\n\nThe Singapore government said it will not interfere in any decision that Singapore Airlines Ltd. makes in Air India Ltd. Notably, Air India is said to be seeking financial aid from its shareholders.
\n\nThe airlines is also to have a fresh capital infusion into Air India worth over Rs 10,000 crore, as one of its largest commitments to the airline since the Rs 18,000-crore acquisition in 2021, reports said.
\n\nSingapore's Senior Minister K Shanmugam said the Singapore Air has the responsibility to “assess its investments in Air India in relation to the resources it has for the long-term growth and profitability of the company.”
\n\nIt’s the Singapore government’s principle not to intervene in individual investment decisions or put political pressure, he said.
\n\n“Once governments or politicians start directing individual investment decisions, commercial discipline will be compromised,” according to a transcript of his comments.
\n\n“Decisions will become politicized — shaped by political considerations, rather than commercial judgment. In the end, Singaporeans will bear the cost.”
\n\nThe Rs 10,000 crore that Air India is likely to get from Tata Sons and Singapore Air…
Original source: https://www.timesnownews.com/business-economy
