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The Economic Times
The Economic Times
Business

Singapore defends SIA’s Air India investment, says overseas growth is essential

Air India Singapore Airlines Singapore India Temasek K Shanmugam Transport

Singapore’s transport minister on Tuesday defended Singapore Airlines’ investment in Air India, saying the carrier needs to expand overseas because there is a limit to how many people will fly to and from the city-state.

Responding to a question in Parliament, Transport Minister Jeffrey Siow said Singapore Airlines is a listed company that finances its investments from its own balance sheet and has not sought additional capital from its shareholders.

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