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Latest news
Singapore Airlines backs Air India despite severe losses
Singapore Airlines Group will retain its 25.1% stake in Air India (AI, Delhi International) and support the ongoing transformation of the carrier, despite a sizeable net loss for the financial year that ended on March 31, 2026, chief executive Goh Choon Phong reassured during a recent briefing, according to The Business Times newspaper....
Singapore Airlines Group will retain its 25.1% stake in Air India (AI, Delhi International) and support the ongoing transformation of the carrier, despite a sizeable net loss for the financial year that ended on March 31, 2026, chief executive Goh Choon Phong reassured during a recent briefing, according to The Business Times newspaper.
The parent holding of Singapore Airlines said Air India was in a large part responsible for the 57.4% year-to-year drop in net profit to SGD1.2 billion Singaporean dollars (USD921 million). This included both the absence of the one-off net gain recognised during the 2024 Air India-Vistara merger, which added SGD1.1 billion (USD860 million) to last year's results, and the full-year consolidation of Air India's losses.
Air India reportedly approached Tata Sons and Singapore Airlines for additional funding after a loss of INR220 billion Indian rupees (USD2.4 billion) during financial year 2025, which ended March 2025. Losses reportedly worsened the following financial year, with the carrier posting a net deficit of about SGD3.8 billion (USD3 billion).
The Indian flag carrier endured severe operational disruptions in 2025, including the closure of Pakistani airspace to its overflights in April, a fatal B787 crash in June, and restrictions linked to the Iran conflict. To curb losses, Air India plans to cancel 27% of its international flights, or nearly 150 weekly services, between June and August 2026. The airline said the cuts aim to "improve network stability and reduce last-minute inconvenience to passengers."
To assist with the turnaround, Singapore Airlines seconded Basil Kwauk as chief operations officer and Jeremy Yew as engineering and maintenance head to Air India. ch-aviation previously reported the placement of then-unnamed Singapore Airlines executives at the carrier to bolster its performance.
Goh declined to comment on possible future capital injections, noting the transformation process would be a "long game" with no "shortcuts."
19May2026
Garuda Indonesia adjusts board, secures $1.4bn
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
19May2026
French Polynesia's Motu Link Airline secures AOC
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
18May2026
Austria's Amelia Executive, Panama's Skytropic get US nods
This article is only available with a subscription for Business Jet News.
18May2026
Atmospherica Aviation to retire Phenom 300, mulling MRO
This article is only available with a subscription for Business Jet News.
18May2026
Ontario gov't releases Challenger 650 transaction records
The government of Ontario has released documents related to the ill-fated acquisition and subsequent sale of a 2016-built Challenger 650. Invoices issued by Bombardier Aerospace show the aircraft was bought and resold for USD21 million, with the province incurring approximately CAD190,865 Canadian dollars (USD139,000)...
The government of Ontario has released documents related to the ill-fated acquisition and subsequent sale of a 2016-built Challenger 650. Invoices issued by Bombardier Aerospace show the aircraft was bought and resold for USD21 million, with the province incurring approximately CAD190,865 Canadian dollars (USD139,000) in transaction and ownership costs. These included an aircraft management services invoice issued by Execaire Aviation totalling CAD139,628 (USD101,500). A note by the Ontario Ministry Of National Resources states that the acquisition closed on April 15 and that the jet was sold back to Bombardier on April 27.
Ontario premier Doug Ford has faced scrutiny over government spending and the suitability of the Challenger 650, acquired for executive travel primarily within the province.
15May2026
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