SIA holds a 25.1% stake following a merger of its full-service airline Vistara with the Indian national carrier
[SINGAPORE] Shares of Singapore Airlines (SIA) dived on Friday (Jun 13) morning after an Air India plane bound for London crashed on Thursday.
SIA holds a 25.1 per cent stake in the Indian flag carrier.
At around 9 am when the market opened, SIA shares hit a month-to-date low of S$6.88, down 2.1 per cent or S$0.15 from Thursday’s closing price of S$7.03, with around 723,200 shares transacted. The last time SIA shares traded at levels lower than this was on May 16, 2025, ShareInvestor data indicated.
As at the midday trading break, the counter recovered slightly to S$6.91, still 1.7 per cent or S$0.12 down from Thursday, with some 6.5 million shares transacted.
It ended Friday 1.3 per cent or S$0.09 lower at S$6.94, after 12.6 million shares changed hands.
On Thursday, an Air India Boeing 787-8 Dreamliner headed to London’s Gatwick Airport crashed into a medical college hostel in the city of Ahmedabad, Gujarat, killing more than 240 people.
SIA’s stake in Air India follows the November 2024 merger of its full-service airline Vistara – a joint venture with Mumbai-headquartered Tata Sons – with India’s national carrier.
India’s national newspaper The Hindu reported that Air India increased its revenue to a record 610 billion rupees (S$9.1 billion) in the 2025 financial year and clocked a profit, excluding exceptional items, in the second half.
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