Singapore Airlines faces some bleak choices as it lies trapped in Air India’s money pit

[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.