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Singapore Airlines must grow overseas, says transport minister

Business Recorder • • 1 min read

Singapore Airlines must grow overseas, says transport minister

Business Recorder reported that Singapore's transport minister believes the national carrier, Singapore Airlines, needs to look beyond its home market to keep expanding. The minister said on Tuesday that the number of people who fly to or from Singapore is finite, which leaves overseas markets as the route to further growth.

The comments were made in answer to a parliamentary question about the airline's investment in Air India. Minister Jeffrey Siow explained that Singapore Airlines is a listed company that pays for its investments through internal funds and has not asked shareholders for additional capital.

Its relevance to Pakistani investors is indirect, as the report concerns a listed carrier and its overseas expansion. No Pakistani-listed company is named in the report.

At a glance

  • Singapore Airlines must expand overseas because the number of travellers to and from Singapore is limited.
  • Minister Jeffrey Siow answered a parliamentary question on the airline's investment in Air India.
  • The airline funds its investments from internal resources and has not sought more capital from shareholders.

Originally reported by Business Recorder

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