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Singapore Airlines faces a tough test over Air India’s record losses

The true test for management will be the gruelling task of convincing its shareholders to bite the bullet

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Jude Chan

Jude Chan

Published Thu, Apr 23, 2026 · 05:59 PM
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    • SIA is said to have moved some of its employees into Air India, placing its executives in key roles across flight operations, engineering and maintenance in recent months.
    • SIA is said to have moved some of its employees into Air India, placing its executives in key roles across flight operations, engineering and maintenance in recent months. PHOTO: REUTERS

    [SINGAPORE] Looking at the latest news emerging from Air India, it is understandable why a growing group of investors might want Singapore Airlines (SIA) to cut its losses, pack its bags and abandon its Indian ambitions.

    ​The trigger for this frustration stems from Air India’s bleed of an estimated 220 billion rupees (S$3 billion) for the full year ended March – materially higher than previously expected.

    The record loss is said to have prompted the company to seek additional aid from controlling shareholder Tata Group, as well as SIA, which owns 25.1 per cent of the carrier.

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