Market Chatter: Temasek Backs Singapore Airlines Investment in Air India Amid Scrutiny

MT Newswires

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Temasek, a majority shareholder of Singapore Airlines (SGX:C6L), has backed the city-state carrier's investment in Air India amid growing scrutiny over its stake in the loss-making company, according to Reuters on Saturday.

In a letter responding to a newspaper comment, Juliet Teo, joint head of portfolio development at Temasek, said the state investor views Singapore Airlines' decision to invest in Air India from a long-term perspective and will support it.

Transformation of the financially besieged carrier involves multi-year operational and integration challenges, with Teo adding that such efforts require time, the report added.

Earlier, Air India had requested about $1.5 billion in fresh equity from owners Tata Sons and Singapore Airlines, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6003","symbol_name":"航空公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663021709","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663021709","pubTimestamp":1788149962,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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