HOCK LOCK SIEW
Singapore Airlines faces some bleak choices as it lays trapped in Air India’s money pit
Should SIA just cut its losses and walk away from Air India?
Add BT as a preferred source
[SINGAPORE] Air India has its cap out again. Reuters on Aug 25 reported that the carrier is seeking US$1.5 billion in fresh equity from its shareholders to keep its turnaround going.
Singapore Airlines’ (SIA) slice of the bill works out to roughly US$375 million, or just under S$500 million. Nothing has been decided, and any investment would likely be made in several tranches.
But if SIA writes that cheque, it will ironically be paying a small fortune for the privilege of making its own financial results look worse.
