Singapore Airlines loses about S$1bn on Air India bet — with more pain forecast

🇸🇬 Financial Times (SG) —

AI Summary

Singapore Airlines reported a loss of about S$1 billion on its Air India investment, with executives forecasting further challenges. The timing of acquiring a 25% stake has been criticized as suboptimal.

Timing of decision to take 25% stake ‘could not have been worse’, says executive

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