Singapore's sovereign wealth fund Temasek on Saturday said it supports Singapore Airlines' investments in Air India and highlighted that the Indian carrier's large-scale transformation involves complex, multi-year operational and integration challenges.
A statement from Temasek, which is a stakeholder in Singapore Airlines (SIA), comes against the backdrop of concerns raised in certain quarters about the carrier's investment in the loss-making Air India.
Singapore Airlines owns a 25.1 per cent stake in Air India, and the remaining shareholding is with Tata Sons, which acquired the Indian airline from the government in January 2022.
In a statement on Saturday, Temasek said SIA has articulated its objective to invest in a second hub to secure long-term growth beyond Singapore.
"As the world's third-largest air transport market after the US and China, India is well-positioned to serve as this second hub.
