Singapore Airlines has clarified that its investment in Air India is being funded through the airline’s own internal resources and will continue to be financed this way.
The clarification comes amid growing scrutiny in Singapore over SIA’s 25.1% stake in the Air India Group and the Indian carrier’s mounting financial losses. SIA said the investment is part of its long-term strategy to participate directly in India’s rapidly growing aviation market.
Air India has reportedly sought around $1.5 billion in fresh equity from its shareholders after recording a loss of about $2.3 billion in the financial year ended March 2026. Singapore Airlines is evaluating any additional capital request under its broader capital allocation framework.
SIA currently holds a 25.1% stake in the enlarged Air India Group following the merger of Vistara with Air India in November 2024. The investment gives Singapore Airlines direct access to one of the world’s fastest-growing aviation markets while strengthening connectivity between India and Singapore.
The airline has also highlighted its strong financial position, with around S$10.4 billion in cash and bank balances and fixed deposits as of June 30, 2026, along with S$3.2 billion in undrawn committed credit lines.
Singapore Airlines has described Air India as a core part of its long-term multi-hub strategy. The two airlines have also expanded their commercial partnership, with codeshare arrangements covering 82 destinations across 27 countries and territories.
The clarification comes as Air India continues its multi-year transformation under Tata Group ownership, with fleet renewal, operational improvements and network expansion remaining key priorities.
