Minister defends Singapore Airlines’ Air India stake amid scrutiny, racist rants

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Singapore’s transport minister on Tuesday defended Singapore Airlines’ investment in Air India, saying the city state’s flag carrier must grow overseas because there is a limit to how many people will fly to or from Singapore. Responding ‌to a question in parliament, Minister Jeffrey Siow said the flag carrier was a listed company that funded investments from its own balance sheet and it had not sought further capital from shareholders. The airline is majority owned by Singapore state investor..