Singapore Airlines may seek greater say before backing fresh Air India funding, sources say
SINGAPORE, Sept. 10 -- Singapore Airlines is expected to seek greater management influence and stronger governance safeguards before agreeing to inject more capital into Air India, according to people familiar with the matter.
CNA reported that the proposed conditions, which would be negotiated with Air India's majority owner Tata Sons, could include greater voting power on the board and requirements for the Indian carrier to reduce its losses, citing two people familiar with the matter.
Singapore Airlines' majority shareholder Temasek would not provide the capital itself or intervene in decisions concerning Air India, the sources said.
The discussions follow a report last month that Air India was seeking about US$1.5 billion (RM6.1 bi...
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