The Sen Times

Singapore Airlines to seek tougher terms for any fresh Air India funding, sources say

HONG KONG, Sept 9 (Reuters) Singapore Airlines, backed by state investor Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, said two people familiar with the matter. The proposed conditions, which would be negotiated with Air Indias majority owner Tata Sons, could include greater board voting power and requirements for the Indian carrier to narrow its losses, the people said. Temasek, Singapore Airlines majority shareholder, would neither provide the capital itself nor intervene in the carriers decisions concerning Air India, they added. The discussion of conditions comes