SIA reiterates support for Air India despite the drag on earnings

[SINGAPORE] Singapore Airlines (SIA) is unfazed by the challenges facing Air India and remains “very committed” to its investment in the associated company, even as the Indian carrier became a drag on the Singaporean investor’s recent bottom line.

SIA chief executive officer Goh Choon Phong reiterated the group’s support for Air India at its post-results briefing on Friday (Nov 14).

“This is a long-term investment for us, and we have no disillusion that along the way there will be challenges,” the CEO said.