"We have never had any illusion that it is an easy path," says CEO Goh Choon Phong on SIA's stake in Air India. SINGAPORE: Air India’s transformation is a “long game” with “no shortcut”, and Singapore Airlines remains committed to supporting it, SIA CEO Goh Choon Phong said at a results briefing on Friday (May 15). Singapore’s flag carrier group owns a 25.1 per cent stake in Air India, which reported a record US$2 billion loss for the last financial year and has been under scrutiny since a