Singapore: Incomments on its 25.1 per cent stake in Air India, Singapore Airlines on Tuesday said its investments in India have been, and will continue to be, funded through internal resources.

The statement came after opposition member Kenneth asked in parliament whether losses from SIA’s foreign associates have been assessed against its capacity to provide essential transport services, among other questions.

SIA set up Vistara as a joint venture with Tata Sons in 2013. Following Vistara’s consolidation into Air India in November 2024, SIA holds a 25.1 per cent stake in the enlarged Air India Group.

Its investments in India are “subject to board approval and its disciplined capital allocation framework”, the Channel News Asia reported quoting the airline.

An SIA spokesperson said the company has “one of the strongest financial positions in the airline industry”, with SGD 10.48 billion ($8.27 billion) in cash reserves as of June 30, comprising SGD 9.10 billion in cash and bank balances and SGD 1.38 billion in fixed deposits. The group has less than SGD 3 billion in current debt obligations – those due within 12 months – which are well covered by its cash reserves.