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Market Chatter: Singapore Airlines Expands Operational Involvement in Loss-Making Air India

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Singapore Airlines (SGX:C6L) has decided to increase its operational involvement in Air India, as the Indian carrier navigates a difficult journey, followed by record losses and safety concerns, according to a report by Bloomberg on Thursday.

Citing people familiar with the matter on the condition of anonymity, the report revealed that the company has moved some of its employees into Air India and placed them in key decision-making positions.

Meanwhile, Tata Group, which has a 74.9% stake in Air India, is honed in one other key functions, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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