Minister defends Singapore Airlinesโ Air India stake amid scrutiny, racist rants
Singaporeโs transport minister on Tuesday defended Singapore Airlinesโ investment in Air India, saying the city stateโs flag carrier must grow overseas because there is a limit to how many people will fly to or from Singapore. Responding โto a question in parliament, Minister Jeffrey Siow said the flag carrier was a listed company that funded investments from its own balance sheet and it had not sought further capital from shareholders. The airline is majority owned by Singapore state investor...