Is Air India Becoming A Liability For Singapore Airlines?

Air India is seeking around US$1.1 billion in fresh equity from its owners, Tata Sons and Singapore Airlines, after posting a record loss of more than US$2 billion for the 2025-26 financial year. The request has become a flashpoint in Singapore's parliament — SIA holds a 25% stake in the carrier and is itself majority-owned by Temasek, prompting opposition lawmakers to question whether state-linked funds should be propping up a loss-making Indian airline. Shukor Yusof, Founder and Primary Analyst at Endau Analytics, joins us to assess Air India's financial position, why SIA has lost money on every foreign airline investment it has made in over three decades, and at what point the national carrier should consider cutting its losses.

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