The Singapore government said it will not interfere in any decision that Singapore Airlines Ltd. makes in Air India Ltd., which is said to be seeking financial aid from its shareholders.
Singapore Air has the responsibility to “assess its investments in Air India in relation to the resources it has for the long-term growth and profitability of the company,” Senior Minister K Shanmugam told reporters on Saturday. It’s the Singapore government’s principle not to intervene in individual investment decisions or put political pressure, he said.
