Singapore’s Air India runway promises profit, potholes

SIA will fork out a little over US$250mil for the 25.1% stake. — ST

FOR decades, Singapore Airlines Ltd has wanted to take pole position in India, tipped to be the world’s third-largest aviation market by the middle of the decade, if not sooner.

Now that the opportunity to be a 25% owner of the nation’s largest international and second-largest local carrier has come knocking, chief executive Goh Choon Phong is happy to write a US$250mil (RM1.11bil) cheque.