Singapore’s transport minister Jeffrey Siow defended Singapore Airlines’ investment in loss-making Air India, saying the carrier’s overseas expansion and any response to a new funding request are commercial matters for SIA’s board and shareholders. SIA holds a 25.1% stake in Air India, whose majority shareholder is Tata Sons, and the Indian carrier is seeking roughly $1.5 billion in fresh equity. SIA booked a S$945.2 million share of Air India’s loss for the fiscal year ended March 31, 2026, while Air India reported a total loss of about S$3.8 billion. Siow said the Civil Aviation Authority of Singapore found that SIA’s ability to provide services to Singaporeans had not been adversely affected. He said losses at a foreign associate do not automatically trigger notification under Section 67B of the CAAS Act, which concerns events that may materially impair essential transport services. Workers’ Party lawmaker Kenneth Tiong questioned SIA’s leverage, the timeline for Air India’s turnaround and the possibility of further support from Temasek, SIA’s majority shareholder. SIA said its Indian investments would continue to be funded from internal resources, subject to board approval and its capital-allocation framework. The airline became a designated operating entity under Singapore’s CAAS Act in April 2025.