Singapore Airlines on Friday said that as a significant minority shareholder it will provide its expertise and support where necessary to Air India.
The comments came against the backdrop of reports saying that Air India is seeking more than Rs 10,000 crore from Tata Sons and Singapore Airlines.
The loss-making Air India, which is jointly owned by Tata Sons and Singapore Airlines, has been facing certain headwinds in recent times. In one of the worst air accidents, Air India's Boeing 787-8 Dreamliner enroute to London Gatwick crashed soon after take-off from Ahmedabad on June 12, killing 260 people.
"As a significant minority shareholder in Air India, Singapore Airlines (SIA) has been working closely with our partner Tata Sons to support Air India's transformation programme. This includes providing our expertise and support to Air India, where necessary," a Singapore Airlines spokesperson said in a statement.
The statement was in response to a query regarding the reports about providing funds for Air India.
Without disclosing specifics, the spokesperson referred to Air India for specific details regarding Air India's operations and financial requirements.
There were no comments from Air India and Tata Sons on the funding plans.
Tata Sons and Singapore Airlines invested Rs 9,558 crore in Air India in 2024-25, with the promoters pumping in Rs 4,306 crore alone in March this year.
On October 29, Air India CEO and MD Campbell Wilson said there are many uncertainties impacting overall travel demand, but those cannot "derail us".
Among various headwinds is the Pakistan airspace closure that is forcing the airline to take longer routes for its long haul European flights, a situation that has resulted in increased operational costs.
The Tata Group-owned airline is estimated to incur a loss of Rs 4,000 crore due to the Pakistan airspace closure, Wilson said on October 29.
"I think the operative word in 2025 is uncertainty. Uncertainty in global trade policy, global stability and peace, and politics. I think that does have an impact on the demand environment," he had said.
Following the plane crash on June 12, the airline had also temporarily reduced services operated by its Boeing 787 and 777 aircraft.
In November 2024, Vistara -- a joint venture between Tatas and Singapore Airlines -- was merged with Air India, following which the Singaporean carrier acquired a 25.1 per cent stake in Air India.
Since January 2022, Tata Group has been piloting Air India, which has also embarked on an ambitious five-year transformation plan.
The comments came against the backdrop of reports saying that Air India is seeking more than Rs 10,000 crore from Tata Sons and Singapore Airlines.
The loss-making Air India, which is jointly owned by Tata Sons and Singapore Airlines, has been facing certain headwinds in recent times. In one of the worst air accidents, Air India's Boeing 787-8 Dreamliner enroute to London Gatwick crashed soon after take-off from Ahmedabad on June 12, killing 260 people.
"As a significant minority shareholder in Air India, Singapore Airlines (SIA) has been working closely with our partner Tata Sons to support Air India's transformation programme. This includes providing our expertise and support to Air India, where necessary," a Singapore Airlines spokesperson said in a statement.
The statement was in response to a query regarding the reports about providing funds for Air India.
Without disclosing specifics, the spokesperson referred to Air India for specific details regarding Air India's operations and financial requirements.
There were no comments from Air India and Tata Sons on the funding plans.
Tata Sons and Singapore Airlines invested Rs 9,558 crore in Air India in 2024-25, with the promoters pumping in Rs 4,306 crore alone in March this year.
On October 29, Air India CEO and MD Campbell Wilson said there are many uncertainties impacting overall travel demand, but those cannot "derail us".
Among various headwinds is the Pakistan airspace closure that is forcing the airline to take longer routes for its long haul European flights, a situation that has resulted in increased operational costs.
The Tata Group-owned airline is estimated to incur a loss of Rs 4,000 crore due to the Pakistan airspace closure, Wilson said on October 29.
"I think the operative word in 2025 is uncertainty. Uncertainty in global trade policy, global stability and peace, and politics. I think that does have an impact on the demand environment," he had said.
Following the plane crash on June 12, the airline had also temporarily reduced services operated by its Boeing 787 and 777 aircraft.
In November 2024, Vistara -- a joint venture between Tatas and Singapore Airlines -- was merged with Air India, following which the Singaporean carrier acquired a 25.1 per cent stake in Air India.
Since January 2022, Tata Group has been piloting Air India, which has also embarked on an ambitious five-year transformation plan.
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