Ahmedabad plane crash: Singapore Airlines shares dip; SIA holds 25.1% stake in Air India

NEW DELHI: Singapore Airlines (SIA) shares declined on the Singapore Exchange on Friday, a day after an Air India flight was concerned in a crash in Ahmedabad.SIA, which holds a 25.1% stake in Air India, noticed its inventory drop 1.7% to SGD 6.91 by the noon buying and selling break, after slipping as a lot as 2.1% earlier, based on The Straits Times.At least 265 folks died when a London-bound Air India flight with 242 passengers and crew crashed right into a medical school complicated shortly after takeoff from Ahmedabad airport on Thursday.The Straits Times Index (STI) registered a 0.5% lower as Asian markets reacted to Israeli airstrikes on Iranian targets, sparking considerations about regional stability in the Middle East and inflicting oil costs to rise considerably.Earlier on Thursday, Singapore Airlines stated it’s, “offering full support and all necessary assistance to Air India during this time”.“Singapore Airlines extends our deepest condolences to all passengers, crew members and their families affected by Air India Flight AI171. Our thoughts and prayers are with everyone impacted during this difficult time,”it added.SIA’s funding in Air India resulted from the latter’s merger with Vistara in November 2024. Before the merger, Vistara was a three way partnership between Tata Sons and SIA. This stake offers SIA a direct function in India’s quickly rising aviation market. SIA additionally has a codeshare settlement with Air India.