SIA reiterates support for Air India despite drag on earnings
CEO Goh Choon Phong says the Indian carrier is a long-term investment, and that the group has no illusion that the journey will be free of challenges
[SINGAPORE] Singapore Airlines (SIA) is unfazed by the challenges facing Air India and remains “very committed” to its investment in the associated company, even as the Indian carrier has become a drag on the Singaporean investor’s recent bottom line.
SIA chief executive officer Goh Choon Phong reiterated the group’s support for Air India at its post-results briefing on Friday (Nov 14).
He said Air India was a long-term investment, and that the group had no illusion that the journey would be free of challenges.
TRENDING NOW
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Income Insurance appoints former Manulife Singapore top man as new CEO
Incidence of civil servants buying property near unannounced MRT stations ‘a concern’, but may not establish misconduct: PSD
Three ex-employees of Envy group join Ng Yu Zhi in bankruptcy
