Singapore state investor Temasek on Saturday backed Singapore Airlines’ investment in Air India, saying the Indian carrier can play a key role in the airline’s long-term growth strategy despite scrutiny over its exposure to the loss-making airline.
Temasek, the majority shareholder of Singapore Airlines, said the investment in Air India would help the Singapore-based carrier deepen its presence in India, the world’s third-largest air transport market after the US and China.
