Singapore Airlines' Long Haul Gamble on Air India Singapore Airlines is sticking with its investment in Air India despite significant losses, betting that the long term prospects of India's aviation market will eventually pay off.
The airline's CEO, Goh Choon Phong, remains optimistic about this strategic move. The financial results for SIA's last fiscal year appear impressive: record revenue of 20.
5 billion Singapore dollars and a 39% surge in operating profit. However, the net profit plummeted by 57. 4% year on year to SG$1. 18 billion due to Air India's losses and an accounting gain in the previous year.