SIA open to more Air India funding despite $945m loss share

Carrying value of the group’s stake falls to $1.13b as of 31 March.

Singapore Airlines (SIA) Group said it would consider requests for additional capital from Air India after recording a $945.2m share of losses from the carrier in FY2025/26.

In response to questions from the Securities Investors Association (Singapore), SIA said its board will consider the group’s other capital requirements and Air India’s business strategy.

The airline did not disclose a fixed investment limit.

The carrying value of the group's 25.1% stake in Air India fell to $1.13b as of 31 March 2026 from $2.02b a year earlier, amidst the carrier's $3.77b loss after tax and $1.02b in net liabilities for the year.

SIA said Air India continued to face high fuel prices, a weaker Indian rupee against the US dollar, supply-chain disruptions, Pakistan airspace closures for Indian carriers, and the AI171 accident.

However, it noted that the airlines have made progress in customer experience, fleet and network growth, products, services, and operational performance.

SIA chief executive officer Goh Choon Phong sits on Air India’s board as a non-executive and non-independent director.

“This enables SIA and Tata Sons to work together through the Air India Board to provide strategic guidance to the Air India management team, where necessary,” the group added.

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