Minister of Transport and Second Minister for Finance Jeffrey Siow and Workers' Party MP Kenneth Tiong exchanged views in Parliament over Singapore Airlines' (SIA) investment in Air India, with Siow saying there was no reason to doubt SIA's ability to deliver air services here, and Tiong pressing for clarity on where the risk limits lie.
\n\nThis comes after Tiong had posted on social media on Aug. 26, stating that he would not support nor expect any future use of Singapore's state investment company Temasek’s funds to prop up Air India via Singapore Airlines.
\n\nTiong later clarified that his concerns were purely commercial and condemned racist comments surrounding the subject.
\n\nAt the Sep. 8 Parliament sitting, Tiong asked two questions on SIA.
\n\nFirstly, whether, since SIA became a designated operating entity under the Civil Aviation Authority of Singapore (CAAS) Act 2009, losses incurred from and the carrying amounts of its foreign associates had been assessed against its capacity to provide essential transport services.
\n\nSecondly, whether such losses, or a continuing pattern of losses, would engage the notification duty under Section 67B, and, if so, based on what criteria.
\n\nSiow noted that Tiong's question concerned the CAAS Act, but that he had…
Original source: https://mothership.sg/
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