Singapore won't interfere in Singapore Airlines' Air India investment decision: 'Govt's principle is not to...'
New Delhi, Sept. 5 -- The Singapore government said it will not interfere in any decision that Singapore Airlines Ltd. makes in Air India Ltd., which is said to be seeking financial aid from its shareholders.
Singapore Air has the responsibility to "assess its investments in Air India in relation to the resources it has for the long-term growth and profitability of the company," Senior Minister K Shanmugam told reporters on Saturday. It's the Singapore government's principle to not intervene in individual investment decisions, or put political pressure, he said.
"Once governments or politicians start directing individual investment decisions, commercial discipline will be compromised," according to a transcript of his comments. "Decisio...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.