Singapore Airlines is maintaining its investment in Air India, despite the airline being loss-making. Air India is currently undergoing a transformation, which is proving costly, and is seeking fresh capital.

The potential gains for Singapore Airlines lie in India's aviation market. For Air India to deliver sustainable returns, certain conditions need to be met, although specifics are not provided here.

Further details on the potential benefits and challenges are available, including what it will take for Air India to achieve long-term success and the potential payoff for Singapore Airlines.