SIA didn't buy air India. Air India bought Vistara which SIA owns 49% Which effectively makes SIA owns 25.1% of Air India after the acquisition. Nobody would be in the right of mind to buy the money loosing Air India
Singapore Airlines' Half-Year Profit Slumps as Air India Losses, Rising Costs Weigh
Powell is so defiant. When everyone pressuring him to cut the rates, he simply goes against the pressure. the market will have massive correction if he holds rates unchange.