The viability of the investment is a commercial matter between the parties, according to Jeffrey Siow, the minister for transport. The central issue concerns the commercial viability of the investment between the group and its shareholders, according to Jeffrey Siow, the minister for transport. The company has communicated that there are no immediate indications of a negative impact on essential service operations.

Siow addressed Kenneth Tiong, a member of the workers' party, in Parliament on September 8, 2026, during a discussion on Air India's loss-making status. Tiong had asked whether the loss-making costs and the value of cargo in Air India were assessed against the ability to provide essential transport services. Siow responded that the current assessment by ACAS shows that SIA's ability to serve Singaporeans is not compromised, adding that the investment's viability is a commercial matter between the carrier and its shareholders.

SIA became an entity designated under the ACAS Act from 2025, after the Transport Sector (Critical Firms) Act came into force. ACAS evaluates various factors to determine if a listed airline can safely and reliably operate on essential services. Siow emphasized that loss-making costs in a subsidiary do not necessarily meet this test on their own.

SIA holds a 25.1 percent stake in Air India, whose majority shareholder is the Indian company Tata Sons. For its stake in the joint venture, SIA recorded a loss of S$945.2 million for FY2026, which ended on March 31. The group's Singapore financial statements showed that Air India recorded a loss of approximately S$3.8 billion for the year.

As of March 31, the cargo value in Air India for SIA was only S$1.1 billion against a total cost of S$2.1 billion. Siow clarified that the relevant issue is whether such losses or other factors reach the point of materially limiting the resources available for SIA's fleet, maintenance, or network operations in Singapore.