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SINGAPORE: Singapore Airlines (SIA) said on Tuesday (Sep 8) its investments in India have been, and will continue to be, funded through internal resources.<\/p>\n
The statement came after MP Kenneth Tiong (WP-Aljunied) asked in parliament whether losses from SIA\u2019s foreign associates have been assessed against its capacity to provide essential transport services, among other questions.<\/p>\n
SIA set up Vistara as a joint venture with Tata Sons in 2013. Following Vistara\u2019s consolidation into Air India in November 2024, SIA holds a 25.1 per cent stake in the enlarged Air India Group.<\/p>\n
Its investments in India are \u201csubject to board approval and its disciplined capital allocation framework\u201d, the airline said.<\/p>\n
An SIA spokesperson said the company has \u201cone of the strongest financial positions in the airline industry\u201d, with S$10.48 billion (US$8.27 billion) in cash reserves as of Jun 30, comprising S$9.10 billion in cash and bank balances and S$1.38 billion in fixed deposits.<\/p>\n
The group has less than S$3 billion in current debt obligations \u2013 those due within 12 months \u2013 which are well covered by its cash reserves, the spokesperson said. SIA’s debt largely comprises fixed-rate notes, lease liabilities and loans.<\/p>\n
\u201cSIA also has access to S$3.24 billion in committed lines of credit, all of which remains undrawn,\u201d the spokesperson said, adding that any requests for additional capital would be evaluated under the group’s capital allocation framework, taking into account Air India’s business strategy, SIA Group’s operating cash flow and its own investment requirements for new aircraft and products.<\/p>\n
\u201cThe Air India investment receives the full attention of the SIA board,\u201d the spokesperson added.<\/p>\n
SIA had also said in a statement in 2022, when it and Tata Sons announced the merger of Air India and Vistara, saying it would fully fund the investment with internal cash resources.<\/p>\n
Scrutiny over the investment has grown since a Reuters report last month cited sources as saying that Air India is seeking a further US$1.5 billion in support from owners Tata Sons and SIA, just months after it posted a record annual loss.<\/p>\n
Minister for Transport Jeffrey Siow told parliament on Tuesday that SIA’s ability to serve Singaporeans is not affected by its investment in Air India.\u00a0<\/p>\n
The airline is “nowhere near” a scenario where losses or other factors have materially constrained the resources available for its fleet maintenance or network operations here, he said.<\/p>\n
Senior Minister K Shanmugam said on Sep 5 that police are looking into racist and xenophobic online comments about SIA’s investment in Air India, as well as the Nepal-Tibet disaster.<\/p>\n<\/div>\n
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SINGAPORE: Singapore Airlines (SIA) said on Tuesday (Sep 8) its investments in India have been, and will continue to be, funded through internal resources. The…<\/p>\n","protected":false},"author":1,"featured_media":83233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Wi-pzA4Q--\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2024-04:reuters_1,w_0.1\/f_auto,q_auto\/v1\/one-cms\/core\/2026-09-08T034826Z_2_LYNXMPEM8705X_RTROPTP_3_AIR-INDIA-FUNDRAISING.JPG?itok=33XDS2y-","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[8587,11553,1390,29673,5060,4575,22],"class_list":["post-83232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-airlines","tag-funded","tag-india","tag-internally","tag-investments","tag-remain","tag-singapore","wpcat-2-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/83232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83232"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/83232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/83233"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}