Archive · 21 Jul 2026
Singapore Airlines Considers Funding Air India Amid Losses
Singapore Airlines, which owns a quarter of Air India, says it will think carefully before giving more money to Air India, which is losing a lot of money.
Air India is expected to lose about ₹28,400 crore this year.
Singapore Airlines says it is committed to helping Air India but wants to see improvements before giving more money.
Investors are worried about the losses but Singapore Airlines sees its investment as a way to access India's growing aviation market.
Air India is also preparing for a new leader as its current CEO is leaving.
Singapore Airlines (SIA) owns 25.1% of Air India and is considering additional capital infusion.
Air India is expected to report a loss of about ₹28,400 crore for FY26.
SIA's net profit for FY26 halved due to its share of Air India's losses.
Air India faces multiple challenges, including high fuel prices and aircraft supply-chain disruptions.
SIA remains committed to supporting Air India's transformation but will evaluate future funding requests carefully.
- Who
- Singapore Airlines (SIA) and Air India
- What
- SIA is considering additional capital infusion into Air India amid mounting losses
- When
- SIA's annual general meeting is on 24 July
- Where
- Singapore and India
- Why
- To support Air India's transformation and access to India's aviation market
Investor Concerns
SIA's Strategic Perspective
Investment Rationale
Investor Concerns
Investors question the rationale behind SIA's investment in Air India due to mounting losses.
SIA's Strategic Perspective
SIA views its stake in Air India as providing direct access to India's domestic market and international traffic flows, complementing its Singapore hub.
Future Funding
Investor Concerns
Investors seek operational improvements and a clearer path to profitability before approving fresh capital.
SIA's Strategic Perspective
SIA is willing to consider additional capital requests but will evaluate them against broader capital needs and Air India's business strategy.
- SIA's Stake in Air India
- 25.1%
- Air India's Expected FY26 Loss
- ₹28,400 crore
- SIA's Share of Air India Losses (FY26)
- US$742.4 million
- Air India's Market Share
- 25%
- IndiGo's Net Loss (FY26)
- ₹2,400 crore
- Air India's Leadership Transition
- CEO Campbell Wilson to step down in September
- SIA's Annual General Meeting
- 24 July
