Singapore Airlines (SIA) says it will continue its stake in Air India even as the investment weighs on its finances. Multiple outlets report that SIA’s CEO, Goh Choon Phong, frames the decision as part of a “long game,” adding that the company never expected an easy path. The comments come as SIA records losses of about US$2 billion, which sources attribute in part to the impact of Air India on SIA’s earnings.
SIA’s position is that its involvement is strategic and tied to long-term outcomes rather than near-term profitability. While the Air India investment is described as a “big drag” on SIA’s results, the airline reiterates its commitment to staying the course. The reporting highlights the tension between immediate financial performance and longer-horizon expectations, with SIA emphasizing that its stake in Air India is intended to build value over time despite current losses.
