Air India is seeking around USD 1.5 billion (RM6 billion) in fresh equity funding from its owners Tata Sons and Singapore Airlines as mounting losses and rising costs weigh on its transformation program.
The proposed infusion, likely in tranches, would be one of the largest capital requests since Tata Group took control of the former state-owned carrier in 2022.
Netizens Suggest Singapore Airlines Should Walk Away from Air India
Netizens say that it would be better for one of the best performing airlines in the world to walk away from Air India. They add that the airline has administration problems, which is a small reflection of the country of its origin.
X users claim that former Singaporean Prime Minister Lee Kuan Yew had, decades ago, advised Singapore Airlines to abandon its idea of investing in Air India.
The reasoning, they argue, was that India’s internal bureaucracy would remain a persistent obstacle, regardless of assurances from the government.
Others state that the situation is now much different from the early 2000s, where Air India’s current situation is due to a number of things such as an ageing fleet, the oil crisis and Pakistan’s airspace ban.
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